L&T is in the works to transform into an entire technology firm

Larsen & Toubro (L&T) is in the process of transforming into a technology firm by venturing into new businesses, while it intends to exit roads and power concession projects and double revenues under its strategic five-year plan.

To begin with, the engineering and construction conglomerate will expand its information technology and technology services, grow its edtech and e-commerce platforms. Technology would be the “common thread” across all its business, manufacturing and including engineering, procurement and construction (EPC).