L&T Intensifies Focus on Infrastructure Boom in India and Middle East.

Larsen & Toubro (L&T), India's leading engineering and construction conglomerate, is expressing strong optimism about its growth prospects in both domestic and international markets. The company cites robust order books from overseas and increasing expenditure within India as key drivers for securing new business.

Speaking at the company's annual general meeting, S. N. Subrahmanyan, L&T’s Chairman & Managing Director, acknowledged the prevailing global economic uncertainties stemming from policy shifts. However, he emphasized L&T's positive outlook, particularly concerning the Middle East, where substantial infrastructure investments and a steady flow of new orders are expected to continue.

Domestically, Subrahmanyan highlighted the significant momentum driven by strong government spending on infrastructure projects. He also pointed to rising private investment in burgeoning sectors such as energy transition, data centers, semiconductors, and healthcare as positive indicators for future growth.

In a strategic move towards sustainable solutions, L&T is heavily investing in its green hydrogen business. The company plans to develop proprietary technology, manufacture essential core equipment, and deliver cost-effective, innovative solutions specifically tailored for emerging markets. To bolster these efforts, L&T has already secured land in Kandla, Gujarat, for the establishment of manufacturing units dedicated to green hydrogen and green ammonia.