Mumbai, June 9: Private capital expenditure in India is witnessing a strong revival, supported by sustained infrastructure demand and improving business confidence, according to R. Shankar Raman, Chief Financial Officer of Larsen & Toubro.
He noted that investment activity across core sectors is gradually strengthening, indicating a renewed cycle of private sector participation in large-scale projects. This recovery in capital expenditure is being driven by infrastructure expansion, industrial activity, and long-term project pipelines.
Shankar Raman also highlighted that L&T’s Middle East operations continue to maintain strong momentum, supported by steady demand for engineering, construction, and infrastructure development projects in the region.
The company stated that its international portfolio remains well-positioned, with consistent execution and a healthy order pipeline contributing to overall business stability and growth visibility.
Industry observers view the revival in private capex as a key indicator of improving economic momentum, with increased corporate willingness to invest in long-term capacity building and infrastructure development.
The continued strength in Middle East operations further reinforces L&T’s diversified global presence and resilience across geographies.
Overall, the outlook reflects a combination of domestic investment recovery and sustained international project execution, supporting long-term growth prospects for the engineering and construction sector.