Infrastructure & Engineering

Larsen & Toubro is one of India's major infrastructure and engineering companies, making it an important proxy for India's capital-expenditure cycle. On 13 August 2026, $LT attracted attention after securing a mega order of more than ₹10,000 crore in partnership with Together AI to build what was described as India's largest NVIDIA B300 AI Factory. The important learning for beginners is that an infrastructure company is not only dependent on roads and construction; large technology, defence, energy and digital-infrastructure orders can also create new growth engines. Investors should therefore track order inflows, order book, execution speed, working capital and operating margins rather than looking only at quarterly profit.