Larsen & Toubro's Vision for Sustainable Progress Through Green Energy and Technology
Key Ideas
  • Larsen & Toubro (L&T) is focusing on green energy and leveraging technology like IoT and generative AI to drive sustainable progress.
  • The company has invested in projects like solar, nuclear, and hydel power, and is set to invest in green hydrogen with a target capacity of 2-3 million tonnes.
  • L&T's diversified order book across regions mitigates geopolitical risks, with significant focus on domestic and Middle East markets.
  • The company aims to enhance gender diversity, increase women employees' participation, and has a strong corporate social responsibility impact benefiting millions globally.
Larsen & Toubro's Chairman S N Subrahmanyan expressed the company's commitment to green energy and technology at the 79th annual general meeting. L&T's proactive investments in digital technology and IoT have paid off, enabling faster, safer, and more sustainable project executions. The company is on track to adopt advanced technologies like sensors and robotics to further enhance efficiency. Under its 'For A Better World' vision, L&T has executed various projects emphasizing green energy, including electrification of mass transit systems and commissioning of significant solar, nuclear, and hydel power capacities. With plans to invest $12 billion, L&T aims to allocate a third to green energy, including a $2 billion investment in a green hydrogen project. Subrahmanyan highlighted the role of generative AI in improving processes and announced initiatives to enhance in-house AI capabilities. L&T's stock performance has been impressive, outperforming the Nifty 50 growth index. Geographical diversification has helped mitigate risks, with a focus on domestic and Middle East markets. L&T is keen on enhancing gender diversity, aiming for 10% women employees by 2025-26 through career-assisting schemes and women-friendly facilities. The company's CSR initiatives have positively impacted millions worldwide, including tree plantations and rural community development. Internationally, L&T has contributed to several iconic projects and is involved in diverse ventures like the Sudair Solar PV plant in Saudi Arabia and blue hydrogen infrastructure in The Netherlands. Despite challenges like labor shortages, the company under Subrahmanyan's leadership continues its growth trajectory established by the previous Chairman A.M. Naik.
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