Archive · 28 May 2025
L&T Eyes Multi-Billion Dollar Defense Business Expansion
Larsen & Toubro (L&T), a big company, wants to make a lot more money selling things to the Indian military.
The government wants to update the military and is helping companies like L&T.
The government has goals to export more defense products and make more defense goods in India.
L&T makes things like ships and guns.
They're investing in new technologies.
Also, there are some problems in getting supplies for defense because of what's happening around the world, which creates opportunities for L&T.
L&T is hoping to get even bigger in this area, building lots of things the military needs.
L&T aims to grow its defense business significantly, targeting multi-billion dollar orders.
The government has set defense export targets of Rs 30,000 crore for this fiscal year and Rs 50,000 crore by FY29.
L&T produces various military equipment, including warships and artillery guns.
L&T is investing in emerging enterprises to strengthen its technological and defense capabilities.
Geopolitical tensions have strained global defense supply networks, creating opportunities.
- Who
- Larsen & Toubro (L&T) and the Indian government.
- What
- L&T plans to expand its defence business with government support and aims for multi-billion dollar orders.
- When
- The government has set targets for defense exports and domestic production by FY26 and FY29.
- Where
- India
- Why
- Driven by government plans to modernize the military and increase domestic defense production.
- L&T Defence Segment Revenue (Previous FY)
- Rs 6,185 crore
- Orders Secured in Previous Fiscal Year (Defence Segment)
- Rs 13,326 crore
- Revenue Increase (Defence Segment)
- 32%
- Investment in emerging enterprises
- Rs 200 crore