L&T eyes growtg in high teens for IT & tech services by 2026

Engineering Larsen & Toubro (L&T) aims to grow information technology (IT) services and technology services (TS) revenue contribution to the group by 2026. This is based on FY22 annual report. 

The growth is propelled by expecting an increase in the emerging tech trends such as Cloud, Digital, AI, Industry 4.0. Thus aims at revenue growth and also lead to increase in opportunities. 

Other than IT services and engineering services, the group will also be entering new-age businesses which had been incubated by them. These include L&T EduTech and L&T SuFin, a B2B ecommerce platform for industrial and construction products. Other than this, there is the already announced entry into data centre and cloud services businesses.