Larsen & Toubro unveils 'Lakshya 31' targeting ₹5.8tn by FY31
Business
Larsen & Toubro (L&T) just rolled out "Lakshya 31," a five-year roadmap to double its revenue to ₹5.8 trillion by FY31.
The company's aiming for 12-15% yearly growth and is branching into future-focused areas like green hydrogen, semiconductors, and electronics.
L&T earmarks ₹42,400cr amid returns concerns
L&T is investing ₹42,400 crore into these new ventures: ₹15,000 crore for green hydrogen and ₹10,000 crore for data centers alone.
But this bold move means shifting away from their usual asset-light approach, and analysts worry this could make it harder to boost returns.
Under their last plan, L&T hit its revenue targets but struggled with return on equity, something they'll need to watch closely this time around.