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L&T Bets Big on Aerospace Exploration
Mint Kolkata
|March 06, 2025
The industrial conglomerate Larsen & Toubro said it is betting on aerospace as a potential growth engine, including launch vehicle and satellite manufacturing, as the country cuts reliance on imports and boosts private participation.
L&T, considered a bellwether for India's infrastructure spending because of how many industries its work touches, is the country's largest private-sector defense manufacturer by revenue; its Precision Engineering and Systems unit posted revenue of ₹4,610 crore in the 2024 fiscal year, up 41% from the previous year.
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