Archive · 17 Sep 2026
How S. N. Subrahmanyan Transformed Larsen & Toubro
Larsen & Toubro is a large company known for building major infrastructure projects.
S. N. Subrahmanyan led the company’s expansion after becoming its chief executive in 2017.
During his leadership, the company’s revenue and order book grew significantly.
It worked on projects such as the Statue of Unity, airports, the Atal Setu and the Ayodhya Ram Mandir.
The company also became much more international, with more than half of its business connected to overseas orders or revenue in FY2025-26.
In 2026, it announced plans for a very large AI Factory.
The facility is designed around 10,000 NVIDIA B300 GPUs.
The article presents this move as an extension of L&T’s engineering capabilities rather than a complete change of direction.
Larsen & Toubro plans a gigawatt-scale AI Factory with 10,000 NVIDIA B300 GPUs in 2026.
S. N. Subrahmanyan became L&T’s CEO and managing director on July 1, 2017.
Under his leadership, revenue rose from about ₹1.20 lakh crore to ₹2.86 lakh crore.
The consolidated order book increased from roughly ₹2.63 lakh crore to a record ₹7.40 lakh crore.
International orders accounted for 58% of inflows, 52% of the order book and 54% of revenue in FY2025-26.
- Who
- Larsen & Toubro and its chairman and managing director, S. N. Subrahmanyan.
- What
- The company expanded its infrastructure and international businesses and announced plans for a gigawatt-scale AI Factory.
- When
- S. N. Subrahmanyan became CEO and managing director on July 1, 2017; he became chairman and managing director on October 1, 2023; the AI Factory plans were announced in 2026.
- Where
- The article discusses Larsen & Toubro’s activities in India and internationally.
- Why
- The AI Factory is presented as an extension of the company’s engineering and construction capabilities and its broader transformation.
- Leadership start
- S. N. Subrahmanyan became CEO and managing director on July 1, 2017.
- Current leadership title
- He became chairman and managing director on October 1, 2023.
- Revenue
- Revenue grew from around ₹1.20 lakh crore in FY2017-18 to ₹2.86 lakh crore nearly a decade later.
- Order book
- The consolidated order book rose from roughly ₹2.63 lakh crore to ₹7.40 lakh crore.
- Order inflows
- Order inflows reached ₹4.36 lakh crore.
- International share
- International orders represented 58% of total order inflow, 52% of the consolidated order book and 54% of revenue in FY2025-26.
- AI Factory
- Larsen & Toubro announced plans in 2026 for a gigawatt-scale AI Factory designed around 10,000 NVIDIA B300 GPUs.