Amidst global shifts, Larsen & Toubro (L&T) is positive on the growth momentum for the domestic and international markets. The company stated that strong order books in the international markets and a rise in spending in the domestic market will aid in new orders.
“While the global economic outlook remains uncertain due to policy shifts, the company remains optimistic, particularly about the Middle East, where infrastructure investments and steady order inflows continue. In India, strong government spending on infrastructure and rising private investment in sectors like energy transition, data centres, semiconductors, and healthcare signal positive momentum,” said S. N. Subrahmanyan, L&T’s Chairman & Managing Director, addressing shareholders at its annual general meeting.
In its green hydrogen business, L&T plans to develop proprietary technology, manufacture core equipment, and deliver cost-effective, innovative solutions tailored for emerging markets. The company has secured land in Kandla, Gujarat, for manufacturing green hydrogen and green ammonia units.
“We have made significant advances in emerging clean energy segments, particularly Green Hydrogen and Small Modular Reactors (SMRs). Electrolyser manufacturing is already in progress, giving the company a first-mover advantage in Green Hydrogen. A landmark development was the regulatory approval from the U.S. Department of Energy for the transfer of SMR technology to India. L&T is also fully capable of executing EPC projects in Green Hydrogen, Ammonia and Methanol globally,” he said.
The company’s precision engineering focused on critical sectors has now strategically diversified into industrial electronics and other high-precision domains. The company is collaborating with technology start-ups to broaden its solution offerings.
“Strategically aligned with its Lakshya 2031 vision, your company is poised for growth amidst global shifts. Its strengths in infrastructure, energy transition, hi-tech manufacturing and technology-led high-quality execution place it at the forefront of a cleaner, greener, and more sustainable economy,” added S. N. Subrahmanyan.