Larsen & Toubro Ltd: India's EPC Bellwether Re-Rated on Defence, Green H2 & Middle-East Tailwinds
Larsen & Toubro Ltd (L&T) is, by any measure, the most consequential engineering, procurement, construction (EPC) and project-management franchise in India and arguably across emerging Asia. At a **current market price of ₹4,050.20** and a **consolidated market capitalisation of ₹5,57,197.83 Cr (~₹5.57 Lakh Cr, or roughly USD 66 Bn)**, the Mumbai-headquartered company is the **largest constituent of the Nifty 50's capital-goods cohort**, the **single-largest beneficiary of India's capex super-cy