Larsen and Toubro launches Lakshya 31 strategy. India's largest engineering company targets 12-15% compounded annual revenue growth through FY31, aiming to double revenues to 5.8 trillion rupees. The ambitious five-year plan includes expansion into green hydrogen, semiconductors, and electronics manufacturing, plus creation of a listed real estate business. L&T projects 10-12% order inflow growth and return on equity of 16-17% during this period. The company successfully achieved revenue targets in its previous Lakshya 26 plan but missed return on equity goals. Analysts note that while the revenue guidance appears solid, order inflow projections in infrastructure segments appear conservative. Shares declined 1.18% following the announcement as investors assess feasibility of these expansion targets amid global market volatility.
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