Building on its expertise in strategic electronics, LTEPS will expand into industrial electronic products and systems across key segments, including power electronics, mobility, industrial robotics & automation, communication platforms, and electronics systems design & manufacturing (ESDM). The business will adopt a blended approach of in-house R&D, technology partnerships, and advanced testing infrastructure. It also plans phased expansion across a 40-acre zone in Coimbatore, covering the full electronics value chain, including R&D, product development, contract manufacturing, design and engineering support, sourcing, testing, and validation services.

Commenting on this, L&T chairman & managing director S N Subrahmanyan said: “The foray into industrial electronics is an important step towards our Lakshya 2031 aspiration of deepening technology leadership and enhancing India’s self-reliance in critical manufacturing. With LTEPS, we are bolstering the nation’s electronics manufacturing ecosystem while expanding our presence across high-growth, innovation-driven domains.”

L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies.

On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26.

Shares of Larsen & Toubro fell 1.15% to Rs 4,007.50 on the BSE.