L&T to ramp up space, defence manufacturing

Larsen & Toubro (L&T), the $30 billion engineering-to-construction conglomerate, is ramping up its ambitions in the advanced manufacturing industry, with special focus on making products in India in the electronics, space, defence, and semiconductor segments, which can cater to local as well as global markets.

- GULVEEN AULAKH

In an interaction, Arun Ramchandani, senior vice president and head of L&T Precision Engineering and Systems — who is also the chairman of the Indian Space Association — said that the conglomerate’s integrated strategy was to deepen manufacturing capabilities, with defence on the way to become a $1 billion revenue contributor by the end of 2025-26 (FY26).

“We need to go beyond pure play manufacturing. We realise that industrial electronics, semiconductors, aerospace, and defence, all of these segments enable us to build our own IP (intellectual property) and products, and add value beyond the work we are doing in advanced manufacturing,” he said on the sidelines of the India International Space Conclave, outlining the long-term road map of the group.