L&T eyes aerospace expansion to ride India's $44 billion market push

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BENGALURU (Reuters) - Larsen & Toubro Ltd (L&T), India's largest private-sector defense manufacturer by revenue, is looking to ramp up its aerospace division to strengthen its foothold in the country's burgeoning private space sector, a senior executive said on Thursday.

There is a good degree of expertise, which can be further enhanced as required," Ramchandani said."Actual investments will depend on how fast the technology matures, how many customers we are able to attract and how efficiently we are able to produce," he added.

Beyond this, potential exists for scaling up to a launch in every 15 days," Ramchandani said, adding that at about $15,000 per kg, it will be a cost-effective launch choice.

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Category: BusinessFinance

Markets: India

Topics: Aerospace Airspace

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 19:05:45 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 599 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23349477

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