Larsen & Toubro, has unveiled 'Knowledge City', a state-of-the-art engineering campus at Vadodara.
 
Located at Waghodia, near Vadodara, 'L&T knowledge city', spread across a 112-acre campus,  is a state-of-the-art engineering campus at Vadodara, designed to meet the high-end design and engineering needs of the hydrocarbon and power sectors. 

In hydrocarbons, it will cater to the needs of the upstream, midstream and downstream sectors, and in power, on design support for complete projects.

L&T expects to generate project-export revenues of over Rs2,000 crore within five years, and will provide employment to 4,000 to 5,000 technical professionals in the next four to five years.

Inaugurating the new centre, Naik said that L&T will recruit 10,000 people in the next three years for projects like mono-rail, power reactors and turbines.

Of these, 5,000 people will be in its operation at Hazira in Surat, Naik said.

The $7- billion dollar technology-driven engineering and construction organisation will invest Rs4,500 crore in Hazira and will make 70 per cent of generation of projects exports revenue from the operations at Hazira alone.

L&T's modular fabrication facility (MFY) located at Hazira, Surat, is geared up to meet the exacting quantity standards and challenging delivery schedules for upstream hydrocarbon requirements.

Located at Hazira on the banks of river Tapi, it has impeded passage to the Arabian sea.

L&T expects to generate project export revenue of over Rs 2,000 crore within five yers and will provide employment to 5,000 technical professionals in the next four to six years, Naik said.

To beat recessionary pressure that are gripping core industries, l&T is diversifying into railways, shipping and nuclear power plant.

L&T has recently raised an amount of Rs200 crore via 10-year bonds. The company had invited bids for these binds on 30 December 2008. The bonds which were subscribed by mutual funds, insurance companies and banks. The bonds were priced at 9.15 per cent payable annually.