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Global engines power order growth for L&T
Hindustan Times
|May 09, 2025
A surge in international business, particularly from the Middle East, helped India's largest engineering and infrastructure company Larsen & Toubro (L&T) grow its order book at a compounded annual rate of over 15% between FY21 and FY25, even as growth in domestic orders chugged along at a slower pace.
The company believes that growth in international business will once again outpace domestic business expansion in FY26. It sees a business prospect pipeline of ₹12 lakh crore from international markets compared to ₹7 lakh crore from the domestic market during the year. This includes upcoming contracts that the company has identified for bidding. L&T usually wins 20-25% of the contracts it bids for.
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