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India's L&T sees share of private orders settle at a third but remain below peak

  • L&T sees private sector orders settling around a third of total orderbook as investment picks up, but below historical peak of 40%
  • Share of private orders has risen to 31-32% from 22-23% a year and a half ago on higher capacity utilization
  • Constrained investment appetite of large family businesses and reluctance towards public-private partnerships to keep private share below peak
  • Pace of government project implementation has improved but shortage of skilled labour a key risk
  • Investments related to energy transition in markets like Middle East helping increase private orders share
  • L&T will not commit capital to projects with returns longer than 5 years, will prefer to build infrastructure for others instead
reuters.com
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