L&T eyes 20 pc growth in construction, mining machinery biz in FY26

Larsen & Toubro (L&T) expects its construction and mining machinery business to grow by at least 20% next fiscal year, aiming to double sales in the next five years. The company will invest in service capabilities and has launched a mini excavator, Komatsu PC35, to fuel growth. L&T focuses on distribution and after-sales, while Komatsu manufactures the machinery.