Larsen & Toubro is targeting threefold growth in its nuclear energy revenue as India accelerates its nuclear expansion and global demand for clean energy rises. According to Anil V Parab, Whole-Time Director & Senior Executive Vice President (Heavy Engineering & Manufacturing), the company is witnessing a steady rise in order inflows from the nuclear sector. Over the next five to six years, domestic projects are expected to dominate, while exports will gradually gain momentum.
Market Leadership Across Nuclear Value Chain
L&T already holds a 55–60% market share across key segments of the nuclear energy value chain, reinforcing its leadership position. The company manufactures reactor vessels for pressurised heavy water reactors (PHWRs), equipment for fast breeder reactors (FBRs), and critical systems for heavy water and fuel reprocessing plants. Recently, the country achieved a major milestone as the indigenously built 500 MWe prototype fast breeder reactor at Kalpakkam attained first criticality—marking progress in the second stage of its nuclear programme.
Global Collaborations and SMR Opportunities
L&T is actively exploring collaborations with global nuclear companies operating large reactors of 1,000 MW and above. These partnerships aim to unlock opportunities both in India and overseas markets. The company has also made early inroads into small modular reactors (SMRs). Notably, L&T has tied up with Holtec International to supply components such as heat exchangers for balance-of-plant systems. Currently, discussions are progressing, and the company is already receiving enquiries and submitting bids, indicating growing traction in this segment.
Driving the Future of Clean Energy
As reported by financialexpress.com, L&T’s strategic focus on nuclear energy aligns with the global transition toward reliable, low-carbon power sources. As nuclear energy emerges as a key pillar of clean energy, the company is poised to expand its footprint, strengthen partnerships, and play a critical role in shaping the future of sustainable power generation.
