Private capex now substantial in order book: L&T chief S N Subrahmanyan

L&T eyes growth with record orders, rising private capex, $100 bn valuation, global projects, and a new strategy focusing on services, tech, and financial businesses

Larsen & Toubro (L&T), India’s largest engineering and construction company, is entering a “highly exciting phase,” Chairman and Managing Director S N Subrahmanyan said, citing record orders, reviving private sector capex, and a market value nearing $100 billion. 

“We are in a positive atmosphere,” Subrahmanyan said in an interview. “Barring any black swan events, with the government enabling reforms like goods and services tax (GST) rationalisation and private-sector capex reviving, the Indian economy is poised for strong growth — and so is L&T.” 

Subrahmanyan L&T’s order backlog  (order book) of over ₹6 trillion is equivalent to 2.5-3 years of sales.