The tectonic shift unfolding at Larsen & Toubro
- Larsen and Toubro is almost a byword for large-scale infrastructure projects. But its future may look very different.
- Even if L&T is not consciously de-emphasising infra as a segment, the fact that the IT subsidiaries account for a large chunk of L&T’s margin profile is now changing the nature of the firm
KOTTAYAM : The average Indian, even one largely ignorant about the inner workings of big businesses, might know that Larsen and Toubro (L&T) is a company that builds things. With close to a century of engineering and construction work under its belt, and the firm’s logo plastered across everything from road barricades to precision engineered-components for the space programme, the L&T brand is part of the Indian consciousness.