• Global project standing: Excluding China, L&T ranks among the top five engineering and construction companies globally, with projects comprising roughly 70% of its total business. The company expects the projects division to grow by about 15% as it vacates lower-value projects to focus on larger, complex contracts.
• Solar EPC portfolio: L&T currently has nearly 25 gigawatts of solar power projects underway in Saudi Arabia, establishing a dominant EPC presence in the region's renewable energy sector.
• Manufacturing business outlook: Manufacturing currently represents 10% to 12% of total business with expectations to reach around 15%, supported by custom equipment demand in defense engineering, petrochemicals, refineries, and alternate-feed fertilizers.
• Electronics manufacturing expansion: The company is establishing a large electronics manufacturing center in Coimbatore to address strategic national requirements, Industry 4.0, mobility, and energy sectors.