Recognising L&T's exceptional efforts in fulfilling its social obligations, especially its contribution to promoting better family welfare in the community, the Federation of Indian Chambers of Commerce & Industry (FICCI) has awarded L&T its prestigious award for the year 2003.

FICCI Award 2003 was handed over by the President of India, Dr. A. P. J. Abdul Kalam, at a glittering awards function organised during 76th Annual General Meeting of FICCI on January 7, 2004 at Vigyan Bhawan, New Delhi. Mr. K. Venkataramanan, President (Operations) and Member of the Board, received the award from Dr. Abdul Kalam.

FICCI was established in 1927, on the advice of Mahatma Gandhi, to garner support for India's Independence and to further the interests of the Indian business community. Started with 24 members, today it has a membership of over 500 chambers of commerce, trade associations and industry bodies, and represents over 250,000 business units - small, medium and large - employing around 20 million people.

In 1967, it decided to institute FICCI Awards to mark the end of four decades of its existence and to promote individual, corporate and institutional initiatives in economic, social and scientific areas.