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LT
is a leading Indian multinational in EPC (Engineering, Procurement, and Construction), operating across infrastructure, hydrocarbons, power, defence, heavy engineering, IT services, and finance. With a strong presence in India and globally (notably the Middle East, Europe, and the USA), L&T is known for executing complex, high-impact projects.
----Core Business Segments
1. Infrastructure (51%) – Roads, buildings, power, water, and civil works.
2. Hydrocarbon (13%) – EPC services for oil & gas.
3. Power (3%) – Thermal power solutions.
4. Defence (7%) – Defence systems, aerospace, and shipbuilding.
5. Heavy Engineering (2%) – Custom equipment for refineries and power plants.
6. Others (4%) – Realty, mining, valves, aviation.
----Order Book
Record ₹5.64 trillion as of Q3 FY25, up 20% YoY.
----Key Growth Drivers
1. Government Infra Push – Strong post-election CAPEX pipeline.
2. Energy Transition – Green hydrogen capacity won under PLI.
3. Digital Expansion – Big IT deal wins via LTIMindtree and LTTS acquisition.
4. Global Demand – Strong infra growth in GCC countries.
5. Finance Revamp – 97% retailization of L&T Finance portfolio.
----Conclusion
L&T remains a bellwether in India’s infrastructure and engineering space, backed by a robust and diversified portfolio across sectors and geographies. With record-high order inflows, expanding capabilities in green energy and digital solutions, and sustained government focus on capital expenditure, the company is well-positioned for long-term growth. Strategic divestments, platform launches, and tech acquisitions further strengthen its ability to adapt to evolving market dynamics while maintaining financial discipline and growth momentum.#FundamentalViews
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