LT

L&T’s order book remains at record highs, led by strong infrastructure and manufacturing activity across India. The company’s focus on execution, diversification, and balance sheet discipline has kept it in a strong position. The government’s thrust on capex and infrastructure is a long-term tailwind. Its divestment of non-core assets has improved return ratios and cash generation. L&T remains a key proxy for India’s infrastructure and industrial growth story—offering both stability and growth.