L&T targets 3x growth in nuclear energy revenues over the next five years, aligned with India’s 100 GW nuclear ambition by 2047
- IBEF
- April 15, 2026
Larsen & Toubro (L&T) is targeting a three-fold increase in its nuclear energy revenues over the next five years, driven by the global revival in nuclear power as electricity demand rises from artificial intelligence (AI), data centres and industrial decarbonisation. According to Mr. Anil V Parab, Whole-time Director and Senior Executive Vice President, Heavy Engineering & Manufacturing, the company will continue supporting India’s nuclear expansion roadmap from about 8.8 GW currently to 100 GW by 2047, highlighting strong long-term visibility for domestic manufacturing and engineering opportunities. The company’s decades-long role in reactor vessels, steam generators and critical heavy engineering systems positions it strongly to benefit from rising nuclear investments.
The growth outlook is strategically significant for India’s engineering and capital goods sector, as nuclear power is increasingly being viewed as a reliable source of clean baseload energy. L&T expects the next growth cycle to be supported by policy reforms such as green energy classification, lower taxation and financing incentives, which could improve project viability and accelerate private sector participation. The expansion in nuclear manufacturing capabilities is also expected to strengthen India’s localisation ecosystem in forgings, reactor systems and precision heavy equipment, while enhancing export opportunities in global nuclear supply chains.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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