LT

Company with an Order Book Bigger Than India's GDPs

(L&T) is one of India’s engineering and infrastructure powerhouses, operating across EPC, hydrocarbons, defence, power, IT services, and finance. With a global footprint and deep roots in India’s development journey, L&T is behind some of the most iconic and complex infrastructure projects in the country and abroad. Its business spans key verticals: infrastructure (51% of revenue), hydrocarbons (13%), power (3%), defence (7%), heavy engineering (2%), and other segments like realty and construction equipment (4%). L&T boasts a record-high order book of ₹5.64 trillion as of Q3 FY25—larger than the GDP of many small countries. This marks a 20% YoY growth, underlining the company’s strong project pipeline and execution capabilities. Growth is being driven by India’s aggressive infrastructure investment push, new-age energy projects like green hydrogen, expanding IT services through LTIMindtree and LTTS, growing global demand from the Middle East, and a strategic shift in financial services with 97% of L&T Finance’s book now retail.