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Larsen & Toubro, in consortium with Japan’s Mitsubishi Heavy Industries

ICICIdirect Research 21 Aug 2026 DISCLAIMER

News: Larsen & Toubro, in consortium with Japan’s Mitsubishi Heavy Industries, has secured a Large order (₹2,500–5,000 crore) to design and build the Automated People Mover (APM) System for Phase 1 of Dubai’s Al Maktoum International Airport. L&T’s scope includes design, procurement and integration of guideways, traction substations, power distribution, signalling, telecom, platform screen doors and depot equipment.

View:  The order strengthens L&T’s Transportation Infrastructure franchise and expands its presence in the high-growth GCC mobility infrastructure market. The project provides an opportunity to leverage its integrated rail systems capabilities across power, signalling, telecom and automated transit systems, while the development of Al Maktoum Airport into a 260mn passenger and 12mn-tonne freight capacity facility offers a sizeable long-term opportunity for further airport and urban mobility orders.

Impact: Positive

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