Larsen & Toubro has forecast that revenue from its unit developing drones and unmanned aerial systems will triple over the next five years, signaling a major strategic pivot for the Indian engineering conglomerate.
The company's leadership indicated that after years of building capabilities locally, the division is now positioned to scale globally.
The company recently reported a 14% year-on-year increase in consolidated net profit for the first quarter of fiscal 2027, driven by stable performance in its energy and real estate segments.
This expansion comes as the broader drone sector sees heightened investor interest, with stocks in the space surging on reports that the Trump administration is in discussions to fund several companies in the industry.
Larsen & Toubro's move highlights the growing commercial and defense applications of unmanned systems.
The company recently reported a 14% year-on-year increase in consolidated net profit for the first quarter of fiscal 2027, driven by stable performance in its energy and real estate segments.
The drone unit's projected growth adds a new high-tech growth vector to the traditional engineering portfolio.