L&T deepens green push with focus on renewables, chips and data centres
Mumbai: Larsen & Toubro (L&T), the country’s largest engineering and EPC player, said it had stepped up its presence in green-focused verticals spanning infrastructure and renewables.
The company’s evolving portfolio now includes renewable energy, semiconductor ventures, and data centre expansion, L&T said following the announcement of its Q1FY26 results, Moneycontrol reported.
Following the leadership transition from veteran chairman A.M. Naik in 2023, CEO and MD S.N. Subrahmanyan has led a strategic shift toward cleaner and future-ready sectors.
This realignment comes amid long-term headwinds for oil and gas, along with geopolitical instability in the Middle East—a region that traditionally contributed significantly to L&T’s order book but is now seeing disruptions in oil output and large infrastructure projects.
A key plank of this shift has been L&T’s focus on green hydrogen.
It has established a dedicated subsidiary to manufacture electrolysers at its Hazira plant in Gujarat.
The company had earlier carved out its renewables EPC business into a standalone vertical under the power transmission and distribution arm, in a bid to sharpen focus on solar, wind, and other clean energy segments.
In 2024, L&T also entered the semiconductor market. It initially committed $300 million to launch a “fabless” chip firm—designing and marketing semiconductor chips while outsourcing fabrication.
Additionally, it has announced plans to set up its own semiconductor fab with a projected investment of $10 billion, targeting at least $1 billion in revenue from the segment by FY27.
The firm is also expanding its data centre footprint through its Cloudfiniti division. It plans to invest ₹3,600 crore in three new data centre facilities with a combined capacity of 150 MW—nearly five times its current scale—using its own and newly acquired land.
These centres will be located in Bengaluru, and in the Mumbai region’s Mahape and Panvel.
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