From tunnel boring machines to rockets and pod taxis, L&T explores new manufacturing bets
Larsen and Toubro is exploring at least half a dozen new businesses ranging from nuclear fuel rods and tunnel boring machines to rockets and drones and their components
Larsen and Toubro is exploring at least half a dozen new businesses ranging from nuclear fuel rods and tunnel boring machines to rockets and drones and their components
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MUMBAI: Larsen and Toubro Ltd (L&T) is looking to expand beyond building infrastructure projects and become a bigger manufacturer, exploring at least half a dozen new businesses ranging from nuclear fuel rods and tunnel boring machines to rockets and drones and their components. The move is aimed at diversifying a business still heavily dependent on project execution, as the company approaches ₹3 trillion in annual revenue and seeks to sustain growth of 12-15%.
About the Author
Nehal Chaliawala
Nehal chronicles India’s top conglomerates for Mint. From navigating the complexities of big-bang mergers and large-scale fundraises to decoding high-profile recruitments and seemingly inexplicable corporate pivots, Nehal focuses on unpacking the long-term strategies of the country’s most influential business houses. He aims to provide readers with a clear-eyed view of how these corporate titans shape the broader Indian economy.<br><br>His professional journey began at The Economic Times in 2018, where he spent over five years before joining Mint in 2023.
Over his career, he has tracked diverse sectors like automobiles, metals, cement, power, infrastructure, and renewable energy. He also keeps a close watch on the intricacies of corporate finance and corporate governance. This wide-ranging sectoral experience allows him to better understand India’s large conglomerates that sit at the confluence of these vital industries.<br><br>Nehal studied mechanical engineering from the Pune University and graduated with distinction in 2017.
Driven by a passion for storytelling, he pivoted to journalism immediately after, attending the Asian College of Journalism in Chennai. While his time in the newsroom has made him a healthy sceptic, his engineering roots keep him perpetually inquisitive about how things work—and why they fail.<br><br>He actively encourages readers to reach out for feedback, collaboration, or news tips. Nehal can be reached via LinkedIn or directly at nehal.chaliawala@livemint.com.
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Source: Mint Companies
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