Larsen & Toubro Acquires Yancheng Sunt Valves Co.

Yancheng, China, January 25, 2007 – E. J. McKay & Co. today announced the acquisition of Yancheng Sunt Valves Co., Ltd. by India’s Larsen Toubro Limited. E. J. McKay acted as the exclusive financial advisor to Larsen & Toubro in the transaction.

ABOUT YANCHENG SUNT VALVES

Founded in 1984, Yancheng Sunt is an industry leader in the design and manufacturing of high, medium and low pressure industrial valves, with its products distributed both domestically and internationally. The company is based in Yancheng, Jiangsu Province.

ABOUT LARSEN & TOUBRO

Founded in 1938 and with a 2006 turnover of US$4 Billion, Larsen & Toubro is the largest engineering and construction group in India, with diversified business interests spanning many sectors, encompassing sectors such as Engineering, Construction, Electronics, Information Technology, and industrial services.