Larsen & Toubro (L&T) aims to triple its nuclear energy earnings in the coming five years, fueled by a worldwide resurgence in nuclear power due to increasing electricity demand from artificial intelligence (AI), data centers, and industrial decarbonization. Mr. Anil V Parab, Whole-time Director and Senior Executive Vice President, Heavy Engineering & Manufacturing, stated that the company will persist in backing India's nuclear growth plan from roughly 8.8 GW at present to 100 GW by 2047, showcasing robust long-term prospects for local manufacturing and engineering chances. The company’s extensive experience with reactor vessels, steam generators, and essential heavy engineering systems places it in a strong position to take advantage of increasing investments in nuclear energy.
The growth perspective holds strategic importance for India's engineering and capital goods industry, as nuclear energy is increasingly regarded as a dependable source of clean baseload power. L&T anticipates that the upcoming growth cycle will be bolstered by policy reforms like green energy classification, reduced taxes, and financing incentives, which may enhance project feasibility and boost private sector involvement. The growth of nuclear production capabilities is anticipated to bolster India’s localisation ecosystem in forgings, reactor systems, and precision heavy machinery, while improving export prospects in international nuclear supply chains.
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