Larsen & Toubro faces near-term challenges but is strategically pivoting towards technology and new businesses for long-term growth. The company anticipates a recovery in the second half of the year. Its five-year plan emphasizes significant investment in sectors like semiconductors and data centers. International markets, especially the Middle East, are key to its order book execution and future expansion.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets