Larsen & Toubro plans to invest around ₹43,000-45,000 crore across various businesses over the next 5 years under its “Lakshya 31” strategic roadmap. The company will focus heavily on emerging sectors such as green hydrogen, data centres, semiconductors and industrial electronics.
The investment plan is aimed at strengthening L&T’s position in future-ready businesses and supporting long-term growth.
L&T has allocated nearly ₹15,000 crore for green hydrogen projects. The company sees strong opportunities in clean energy as industries globally move towards low-carbon solutions.
Around ₹10,000 crore has been earmarked for data centres that will serve both hyperscaler and non-hyperscaler clients. The company also plans to build AI-ready infrastructure and expand cloud service offerings.
The company plans to invest nearly ₹5,000 crore in industrial electronics, focusing on robotics, automation, communication platforms and electronic manufacturing.
Another ₹3,000 crore will go towards semiconductor-related activities, including intellectual property acquisition and laboratory facilities. Semiconductor design work will mainly target mobility, energy and industrial applications.
In addition, L&T has set aside around ₹5,000 crore for upgrading hydrocarbon modular fabrication yards and shifting facilities. The company will also invest ₹4,400 crore in its real estate business.
For FY27, L&T plans to spend around:
The company expects these investments to support expansion and improve operational capabilities.
Under the Lakshya 31 roadmap for FY26-31, L&T aims to achieve:
The company said sectors such as green energy, semiconductors and data centres are expected to become major growth drivers over the next decade.
L&T plans to expand AI-led services through subsidiaries LTIMindtree and L&T Technology Services. It will focus on AI-powered digital solutions and technology services.
In infrastructure and energy businesses, the company plans to diversify geographically, improve technology-based execution and increase its customer base. The heavy engineering business will expand further into nuclear and oil & gas equipment manufacturing.
L&T said its earlier Lakshya 26 programme exceeded several targets. Order inflows reached ₹4.4 lakh crore in FY26 compared to the target of ₹3.4 lakh crore, while revenue stood at ₹2.9 lakh crore against the target of ₹2.7 lakh crore.
The company reported a revenue CAGR of 16% during FY21-26. Return on equity came in at 16.6%, slightly below the target of 18% due to the impact of new labour code provisions.
For the January-March quarter, L&T reported consolidated revenue of ₹82,800 crore, up 11% year-on-year. Net profit increased 5% to around ₹5,400 crore.
Order inflows for FY26 rose 25% to ₹3.6 lakh crore, taking the company’s total order book to ₹7.4 lakh crore. However, L&T said execution during the first half of FY27 may remain slow due to supply chain disruptions linked to the West Asia conflict and delays in domestic water projects.
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Larsen & Toubro share price (NSE: LT) was trading at ₹3,996.30 on May 7, 2026, down 0.30% or ₹12.20 in early trade. The stock opened at ₹4,028 and touched an intraday high of ₹4,036.50, while the day’s low stood at ₹3,991. The company had a market capitalisation of around ₹5.49 lakh crore and a price-to-earnings (P/E) ratio of 33.82. The stock’s 52-week high was ₹4,440, while the 52-week low stood at ₹3,284.10. L&T also offers a dividend yield of 0.85%, with a quarterly dividend amount of ₹8.49 per share.
L&T’s large investment plan highlights its focus on future growth sectors such as green energy, AI-driven technology, semiconductors and data centres. Through its Lakshya 31 roadmap, the company aims to strengthen its leadership position, diversify into high-growth businesses and build long-term value across its operations.
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Published on: May 7, 2026, 10:04 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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