L&T Eyes $500 Million Semiconductor Revenue And Signs 6-Year Oman EPC Deal - Sahi

Larsen & Toubro (L&T) is pursuing a dual strategy: advancing high-growth, asset-light semiconductor ambitions through its chip design subsidiary LTSCT, targeting $500 million in annual revenue by FY31... Read original →

L&T’s strategic pivot from traditional EPC to high-tech semiconductor and energy infrastructure signals a fundamental shift in its business model. By leveraging LTSCT’s 3nm chip design capabilities and securing a six-year EPC deal with PDO, L&T is building an integrated ecosystem from upstream design to downstream energy infrastructure. This move will accelerate domestic semiconductor supply chains, particularly in automotive and industrial motor segments. However, geopolitical tensions and export controls on EUV equipment pose compliance risks. Competitors like Will Semiconductor and Unisplendour may respond with accelerated investments in power ICs and clean energy. Over the next 12-24 months, if L&T meets its $500M chip revenue target, it could significantly elevate its global tech influence and catalyze India’s semiconductor sector growth.