From dairy machines to AI factory: L&T is future-proofing its empire

Larsen & Toubro is entering a new phase of diversification, using its engineering, infrastructure and financial strength to build technology-led businesses. The recently-won Rs 15,000 crore AI factory contract is part of a broader strategy spanning electronics, semiconductors, green hydrogen, battery storage, defence technology and potentially rare-earth magnets, as L&T seeks to evolve from project execution towards technology ownership.