Interview: L&T CMD SN Subrahmanyan outlines tech services, semicon, data centre sector strategies

Larsen & Toubro is undergoing a bold transformation—exiting legacy businesses, entering new ones, and betting on sectors like semiconductors, green hydrogen, and data centres—even as its core EPC business continues to drive megaprojects at home and overseas. In a candid conversation with ET, SN Subrahmanyan, chairman & MD, outlines the group’s “grow to sell, sell to grow” playbook, sharper capital allocation, technology-driven pivot, and a focus on building a younger, agile leadership. From real estate and defence to AI and chip design, Subrahmanyan maps out L&T’s next decade. Edited excerpts: