L&T Realty Properties Ltd (LTRPL), a wholly owned subsidiary of Larsen & Toubro Limited, has acquired 100% stake in International Green Scapes Ltd (IGSL), Delhi, marking a significant expansion into the National Capital Region real estate market.

Strategic NCR Market Entry

The acquisition enables LTRPL to leverage 20 acres of land owned by IGSL in Gurugram, significantly strengthening its real estate development portfolio. This marks LTRPL's first land acquisition in the NCR micro-market and offers substantial development potential.

Expanded Development Portfolio

During FY 2025-26, LTRPL and L&T Realty Developers Ltd, another wholly-owned subsidiary of L&T, have cumulatively completed strategic land acquisitions across multiple key markets. The acquisitions have strengthened the development potential over the medium-term.

Business Consolidation Strategy

L&T has embarked on a journey to consolidate all its realty businesses under a single entity, subject to requisite regulatory approvals. Upon completion of the consolidation process, L&T Realty would emerge as a unified, future-ready entity capable of capitalizing on India's real estate growth.

Leadership Commentary

Mr S N Subramanyan, Chairman & Managing Director of L&T, highlighted the market opportunity: "India's Real Estate market is transitioning into an organised, transparent and an institutionally funded ecosystem, with both residential and commercial segments poised for growth over the next decade. L&T Realty is building a substantial development pipeline through disciplined and proactive land acquisitions and joint development partnerships."

Mr Anupam Kumar, CEO & MD of L&T Realty, emphasized the strategic approach: "L&T Realty is poised for growth through a strategy that is rooted in disciplined expansion, customer trust and long-term value creation."

Company Background

Larsen & Toubro operates as a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services across multiple geographies. LTRPL operates in the urban-premium and luxury real estate segments across four cities, maintaining a customer-focused approach and commitment to top-class quality that has enabled leadership in its major business lines for eight decades.

Larsen & Toubro has made a strategic entry into the B2B industrial electronics segment with the launch of a new business vertical, marking a significant expansion of its technology portfolio. The company announced the commencement of industrial electronics manufacturing operations at its Coimbatore campus in Tamil Nadu on April 24, 2026.

New Business Vertical Launch

The newly established division, named L&T Electronic Products & Systems (LTEPS), represents the company's strategic move into high-growth, innovation-driven domains. The business vertical will operate with a dual-location structure, with headquarters in Bengaluru and manufacturing operations based in Coimbatore.

Strategic Focus Areas

LTEPS will concentrate on several key industrial electronics domains, leveraging L&T's existing expertise in Strategic Electronics. The new vertical will extend capabilities across multiple high-technology sectors:

• Power electronics
• Mobility solutions
• Industrial robotics & automation
• Communication platforms
• Electronics systems design & manufacturing (ESDM)

The division will adopt a comprehensive approach combining in-house R&D, strategic technology partnerships, and advanced testing infrastructure to deliver market-ready solutions to clients.

Leadership Vision

L&T Chairman & Managing Director S N Subrahmanyan emphasized the strategic importance of this expansion, stating that "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."

Future Expansion Plans

The company has outlined ambitious growth plans for LTEPS, with future expansions envisioned across a 40-acre zone within the Coimbatore campus. This expansion will encompass the entire industrial electronics value chain, including:

• Research & Development facilities
• In-house product development
• Electronics systems design & manufacturing
• Contract manufacturing services
• Design and engineering support
• Sourcing operations
• Testing and validation services

Company Background

Larsen & Toubro operates as a USD 30 billion Indian multinational corporation engaged in EPC Projects, Hi-Tech Manufacturing, and Services across multiple geographies. The company has maintained leadership in its major business lines for eight decades through a customer-focused approach and commitment to quality excellence.