L & T orders signal return of private capex

📊Executive Summary
Larsen & Toubro (L&T) has reported a significant recovery in private capital expenditure in India, with domestic infrastructure orders reaching ₹27,400 crore, a 50% increase year-on-year. This uptick includes a notable order from the Adani Group for thermal power plants worth approximately ₹20,000 crore. L&T is also considering entry into electronics manufacturing, focusing on sectors like communications and aerospace. This strategic move could diversify their revenue streams. The company’s consolidated revenue rose by 10% to ₹67,984 crore, with a profit increase of 16% to ₹3,926 crore, indicating strong performance despite challenges in certain projects....
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