L&T aims to grow IT & Tech services revenue to high teens by 2026

The group will also be entering new-age businesses that it has incubated, such as L&T EduTech and L&T SuFin, a B2B e-commerce platform for industrial and construction products

Engineering giant Larsen & Toubro (L&T) is aiming to grow the Information Technology (IT) services and technology services (TS) revenue contribution to the group to high teens by 2026, said the company in its FY22 annual report.

“The IT&TS businesses will continue to balance the risk and cyclicality associated with the traditional projects and manufacturing segment. The momentum from existing and emerging tech trends such as Cloud, Digital, AI, Industry 4.0 is expected to propel growth in the near term. This portfolio will aim at revenue growth in the high teens during the Plan period and be vigilant to tap