# 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.
- Title: L&T targets $30bn from prefab construction in five years
- Summary: 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…
- Keywords: larsen & toubro, l&t, modularization, prefabricated construction, subramanian sarma, s n subrahmanyan, epc, india, manufacturing, engineering, construction industry, labour shortage
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/l-t-eyes-30-billlion-from-modularization-in-5-years/articleshow/134338478.cms
- Author: Kalpana Pathak
- Published: 2026-09-18T15:12:00+00:00
- Read time: 1 min
- Topics: larsen & toubro, l&t, modularization, prefabricated construction, subramanian sarma, s n subrahmanyan, epc, india, manufacturing, engineering, construction industry, labour shortage
## 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.
## Key takeaway

L&T aims to capture 20% of the $150 billion modularization market by prefabricating complex industrial units in controlled factory environments.