L&T bets on space exploration as India expands private rocket and satellite industry

Larsen & Toubro is focusing on aerospace for growth, including launch vehicle and satellite manufacturing. At its factory in Tamil Nadu, L&T is assembling India's first privately built Polar Satellite Launch Vehicle with Hindustan Aeronautics Limited and building equipment for other ISRO deep space programs. This aligns with India's privatization push and aims at boosting the commercial space sector.