- Business
- Larsen & Toubro Limited (L&T) is an Indian multinational conglomerate headquartered in Mumbai and founded in 1938 that engages in engineering, procurement, and construction (EPC) projects; hi-tech manufacturing; and services across infrastructure, hydrocarbon, power, heavy engineering, defence, information technology, financial services, and development projects. The company operates in over 50 countries with a manufacturing footprint in eight countries beyond India and delivers integrated capabilities from design to delivery in sectors including buildings and factories; transportation infrastructure such as roads, highways, bridges, airports, and railways; heavy civil infrastructure like dams, tunnels, and metro systems; power transmission and distribution; water and renewable energy; oil and gas refineries and petrochemicals; custom-engineered equipment and critical piping for fertilizer, chemical, thermal, nuclear, aerospace, and defence industries; defence systems including weapons, missiles, and submarines; IT and digital solutions through subsidiaries like LTIMindtree and L&T Technology Services; and financial services via L&T Finance. Key subsidiaries encompass L&T Construction, L&T Realty, L&T Energy Hydrocarbon, L&T Power, L&T Heavy Engineering, L&T Shipbuilding, and L&T-SuFin. Recent developments include the rebranding of its data centre business as Larsen & Toubro-Vyoma in November 2025; strategic partnerships such as with BAE Systems for Indian Army licensed manufacturing of BvS10 vehicles, Holtec for nuclear power heat transfer solutions, and GA-ASI for MALE RPAS manufacture in October 2025; an agreement with Nibe Space and others for India's first multi-sensor Earth observation satellite constellation in September 2024; acquisition of up to 21% stake in E2E Networks in November 2024 to bolster AI and cloud services; securing a record US$4 billion order from QatarEnergy LNG in March 2025 for offshore compression complexes; plans to expand data centre capacity sixfold to 200 MW; and large contracts for power transmission, solar PV, battery projects, and hydrocarbon onshore business in 2025.