L&T sees post-war Middle East opportunities in alternative energy routes
L&T sees post-war Middle East opportunities in alternative energy routes
Infrastructure giant Larsen and Toubro (L&T ) expects new opportunities to emerge in the middle east, driven by a push for faster project execution and diversification of energy supply routes, said Subramanian Sarma, Deputy Managing Director & President, L&T. Sarma noted that the company's clients in the region are increasingly accelerating ongoing projects to bring capacities online sooner, while also exploring the addition of new capacities.
I can already see that customers feeling the urgency to push forward some of the ongoing jobs. They want to (close) with those capacities sooner and also want to add new capacities. There is already conversation around that. Maybe, there will be alternative routes for energy as well because every country will now feel overdependent on Straight of Hormuz (SoH) and they would like to maybe build some cross-country pipelines and have evacuation point in Oman, Red Sea, or even in Mediterranean," Sarma told journalists, in a select media roundtable, on March 21.
The middle east accounts for nearly 36% of L&T's total order book as of 2026. Its operations focus heavily on energy transition, power infrastructure, and hydrocarbon projects (offshore and onshore), particularly in Saudi Arabia, the UAE, Qatar, and Kuwait.
"I think the region will start evaluating alternative routes more strategically to move oil and gas, so it doesn’t end up in a situation of prolonged dependency again. Given that it will continue to be a major supplier, the focus will likely shift toward diversifying evacuation routes—something that could open up new opportunities," Sarma told journalists.