Larsen & Toubro Limited (L&T) is an Indian multinational conglomerate that operates in the engineering, construction, technology, manufacturing, and financial services industries. The company’s products include engineering and construction solutions, electrical and automation equipment, defense and aerospace equipment, and IT services.
In the engineering and construction segment, L&T is involved in building infrastructure such as roads, bridges, airports, and buildings. The company also provides engineering, procurement, and construction (EPC) services for projects in the oil and gas, power, and water sectors.
In the manufacturing segment, L&T produces a wide range of electrical and automation products, including switchgear, electrical meters, and control systems. The company also manufactures defense and aerospace equipment, such as missile launchers, radar systems, and aircraft components.
L&T’s IT services division offers a range of services, including application development and maintenance, enterprise solutions, infrastructure management, and analytics.
In terms of future prospects, L&T is well-positioned to benefit from India’s infrastructure and defense spending, which is expected to increase in the coming years. The company is also expanding its presence in the renewable energy sector, which is a high-growth market in India.
In the fiscal year 2020-21, L&T reported a consolidated revenue of INR 1.23 trillion (approximately USD 16.5 billion) and a net profit of INR 50.3 billion (approximately USD 674 million). The company’s strong financial position and diversified business portfolio provide a solid foundation for future growth.