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Larsen & Toubro Limited ( (IN:LT) ) just unveiled an update.
Larsen & Toubro has entered the B2B industrial electronics market with the launch of industrial electronics manufacturing at its Coimbatore campus in Tamil Nadu. The new business vertical, L&T Electronic Products & Systems, will be headquartered in Bengaluru while production begins with two electronics manufacturing lines serving both Indian and global clients.
Building on its strategic electronics expertise, the unit will develop and manufacture products across power electronics, mobility, industrial robotics and automation, communication platforms and electronics systems design and manufacturing. The move aligns with L&T’s Lakshya 2031 strategy to deepen technology leadership, expand in high-growth, innovation-driven domains and support India’s self-reliance by progressively scaling a 40-acre industrial electronics ecosystem in Coimbatore covering the full value chain from R&D to testing and validation.
More about Larsen & Toubro Limited
Larsen & Toubro Limited is a USD 30 billion Indian multinational engaged in engineering, procurement and construction projects, hi-tech manufacturing and services across multiple geographies. The company has a strong customer focus and operates in technology-intensive sectors, positioning itself as a key player in India’s industrial and infrastructure development.
Average Trading Volume: 342,286
Technical Sentiment Signal: Strong Buy
Current Market Cap: 5606.7B INR
See more data about LT stock on TipRanks’ Stock Analysis page.