L&T m-cap to touch Rs 3 trn, revenue at Rs 2 trn in 5 years: Chairman Naik

Larsen & Toubro’s standalone market capitalisation will touch Rs 3 trillion and revenue will reach Rs 2 trillion in five years as strategic initiatives like L&T NxT have helped in making giant strides, Group Chairman A M Naik said.

The recently launched L&T-NxT initiative is a technology platform that focusses on artificial intelligence, internet of things (IoT), virtual reality, augmented reality, geospatial solutions as well as cybersecurity.

The $20 billion diversified L&T Group has a market cap of about Rs 2.5 trillion at present.

“Five years from now, I expect L&T standalone market cap to be in the range of Rs 3 trillion from the present about Rs 2 trillion… L&T’s revenue will then touch Rs 2 trillion from the present about Rs 1.4 trillion,” Naik told PTI in an exclusive interview.