Looking ahead, Larsen & Toubro (L&T) aims to achieve a 20% increase in revenue from its construction and mining machinery business in fiscal 2026.

Infrastructure major Larsen & Toubro (L&T) expects its construction and mining machinery business to grow at least 20% in the next fiscal year and double its sales in the next five years. The company has launched a mini excavator, the Komatsu PC35, which will help drive growth. L&T and Komatsu Ltd had a joint venture to manufacture construction equipment and hydraulic components in India, but in 2013, they decided to focus on different aspects of the business, with L&T handling sales, after-sales, and service. The company is also working on a five-year strategic plan, called the Lakshya Vision Plan, which aims to achieve significant growth and profitability. Additionally, Komatsu has made its machines compliant with biofuel, which can run on a 20% mix of ethanol and 80% fuel, and the company is looking to upgrade to B30, which will reduce fuel costs further. L&T Construction & Mining Machinery, a business vertical of Larsen & Toubro, is almost 80 years old and has pioneered the introduction of hydraulic excavators and vibratory compactors in India.