From The Economic Times · Kalpana Pathak · · 1m 10s
L&T targets $30bn from prefab construction in five years
India's engineering giant plans to capture a fifth of the global modularization market by shifting work from sites to factories.
In brief
India's engineering giant plans to capture a fifth of the global modularization market by shifting work from sites to factories. L&T aims to capture 20% of the $150 billion modularization market by prefabricating complex industrial units in controlled factory environments. Originally reported by The Economic Times.
L&T's $30 billion modularization bet
Larsen & Toubro plans to capture 20% of the $150 billion global modularization market within five years.
How modularization changes the game
Building units in controlled factories instead of on-site allows parallel work, better safety, improved quality and less complexity at project sites.
“Modularisation is a game changer in the delivery of large and complex energy projects”
Solving a 60,000 worker shortage
L&T currently faces a shortage of 60,000 laborers. Modularization helps address this by moving work to factory environments.
Australia's biggest urea plant delivered
L&T shipped 110 modules weighing 64,000 tonnes from Chennai to Australia for a 2.3 million tonne per year fertilizer plant.
Expanding into data centers and bridges
The company is exploring modularization for data centers, prefabricated bridges, precast columns and other industrial solutions.
“The aim has always been simple, faster execution, higher quality, superior safety and on time delivery”
Cutting cost and time overruns
Standardized, industrialized factory construction significantly reduces the risk of projects running over budget or schedule.
The main idea
L&T aims to capture 20% of the $150 billion modularization market by prefabricating complex industrial units in controlled factory environments.
