Mumbai, November 28, 2013: L&T Technology Services signed a global master agreement with Bayer Technology Services (BTS) in Leverkusen, Germany to support efficient implementation of worldwide capital expenditure (CapEx) projects within the Bayer Group.

This collaboration is furtherance towards the efficient implementation of worldwide capital expenditure (CapEx) projects within the Bayer Group. With this agreement, L&T Technology Services will provide a dedicated team to Bayer that will use the established Bayer engineering systems, tools and methods, to bring about engineering solutions on the basis of BTS strategy. Describing the advantages of this new partnership, Dr Jürgen Hinderer, Head of BTS Engineering said, “In L&T Technology Services, we have found a competent and an experienced engineering partner with a global presence, with whom we can execute our CapEx projects safely, reliably and even more efficiently.” Hinderer also added that another objective of the partnership is the targeted reinforcement of the Bayer project team to support CapEx projects across the globe.

Speaking at the event, Christian Wende, BTS Sourcing Coordinator, said, “Bayer’s Technology Committee commissioned a global search for a qualified engineering company. Following intensive audits, we identified L&T as a suitable partner capable of providing us with competent support for our global projects.”

Dr Keshab Panda, Chief Executive, L&T Technology Services, further added, “It is an exciting onward journey with Bayer. We are proud to associate with BTS in providing engineering services to support their CapEx projects and further drive CapEx optimization. We consider this partnership as one of our top 10 within L&T and are confident of delivering to the expectations of Bayer group and addressing the principle objectives of this alliance.”

About L&T

Larsen & Toubro is a USD 14 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. Its products and systems are marketed in over 30 countries worldwide. L&T is one of the largest and most respected companies in India’s private sector. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.

For additional information about Larsen & Toubro, log on to www.larsentoubro.com

About Bayer Technology Services

Bayer Technology Services GmbH offers fully-integrated global solutions along the life cycle of chemical and pharmaceutical plants – from development through engineering and construction to process optimization for existing plants. The Bayer subsidiary employs 2,300 people worldwide at its headquarters in Leverkusen and other German locations, as well as in regional offices in Belgium, Brazil, Canada, India, Mexico, Russia, Singapore, the United States and the People’s Republic of China. 2012 sales totaled approx. EUR 450 million.

For additional information about Bayer Technology Services, log on to www.bayer.com