Larsen & Toubro (L&T), a leading Indian conglomerate, is optimistic about its growth prospects in both domestic and international markets. According to S.N. Subrahmanyan, Chairman and Managing Director of L&T, the company’s strong order books in international markets and increasing spending in the domestic market will drive new orders. Despite global economic uncertainty, L&T is confident about its prospects, particularly in the Middle East, where infrastructure investments and steady order inflows continue.
In India, the company expects strong government spending on infrastructure and rising private investment in sectors like energy transition, data centers, semiconductors, and healthcare to fuel growth. L&T is also making significant strides in emerging clean energy segments, including green hydrogen and small modular reactors (SMRs). The company has secured land in Gujarat to manufacture green hydrogen and green ammonia units and has already begun electrolyser manufacturing, giving it a first-mover advantage in green hydrogen.
L&T’s precision engineering business has diversified into industrial electronics and other high-precision domains, and the company is collaborating with technology start-ups to broaden its solution offerings. With its strategic alignment with its Lakshya 2031 vision, L&T is poised for growth amidst global shifts. The company’s strengths in infrastructure, energy transition, hi-tech manufacturing, and technology-led high-quality execution position it at the forefront of a cleaner, greener, and more sustainable economy.
Subrahmanyan emphasized that L&T’s ability to develop proprietary technology, manufacture core equipment, and deliver cost-effective, innovative solutions will enable it to capitalize on emerging market opportunities. The company’s regulatory approval from the U.S. Department of Energy for the transfer of SMR technology to India is a significant milestone, and L&T is fully capable of executing EPC projects in green hydrogen, ammonia, and methanol globally. Overall, L&T is confident about its growth prospects and is well-positioned to navigate the challenges and opportunities presented by global shifts.