Larsen & Toubro is an Indian multinational firm with operations in over 50 countries across the globe. Notably, the company is not owned by any of India’s big three – Mukesh Ambani, Gautam Adani, or Ratan Tata.
Larsen and Toubro (L&T), India’s largest engineering firm, which has been powering ISRO’s space missions for over five decades, has now set its sights on conquering the international market as eyes a deal with NASA to build the successor of the International Space Station (ISS).
Earlier, L&T said it was in talks with Jeff Bezos’ Blue Origin for supplying orbital launch capabilities and space habitat solutions but the negotiations did not materialise into anything concrete.
“Some remnants of that discussion continue till today but now with NASA. So, we are also hopeful that when the US requires its next space station, Indian firms will have a role to play in the supply chain,” Vikas Khita, Vice President, L&T Precision Engineering and Systems, told news agency PTI on the sidelines of an industry meet organised by Geospatial World.
Khita revealed the firm was also interested in building space ports, space parks and manufacturing clusters, areas which are expected to get a boost considering the government’s opening up of the space sector for private participation in 2020.
“In commercial terms, we are looking at a fivefold increase in turnover by 2033 of the space economy and a large part of this increase is to come from the upstream and the downstream sectors,” he said
About Larsen and Toubro
Larsen & Toubro is an Indian multinational firm with operations in over 50 countries across the globe. L&T, according to its LinkedIn bio, is engaged in EPC Projects, Hi-Tech Manufacturing and Services.
L&T says it was the first company in India in the engineering and construction space to publicly disclose its sustainability performance.
Notably, the company is not owned by any of India’s big three – Mukesh Ambani, Gautam Adani, or Ratan Tata. L&T , which was founded in 1946 by Henning Holck-Larsen and Soren Kristian Toubro, has been involved in the production of a range of hardware for every project of ISRO, including the Chandrayaan, Gaganyaan, and Mars Orbiter missions.
The Hindustan Aeronautics Limited-L&T consortium is also producing five Polar Satellite Launch Vehicles (PSLV), marking the industry’s maiden foray in building rockets for the space agency.