The Larsen & Toubro Limited (L&T) board of directors have decided to pay a special dividend of Rs2 ($0.05) per equity share of Rs2 each.

The offer is part of the birth centenary celebrations of its co-founder Henning Holck-Larsen.

Founded by Holck-Larsen and Soren Toubro in 1938, L&T has grown over the years to become India’s leading technology, construction and engineering company, said a company official.

The values he instilled have become an integral part of the company which continues to maintain a customer-focussed approach, he observed.

The constant quest for top-class quality has enabled the company to achieve and sustain a leadership position in all the business areas that it operates in, he added.

Holck-Larsen received several distinguished awards including Padma Bhushan, the Ramon Magsaysay Award for International Understanding, Knighthood from the Queen of Denmark among others. TradeArabia News Service