Need to reduce time taken by infra projects to unlock value: L&T's Shankar Raman

Efforts are on at L&T to bring down the time taken to deliver infrastructure projects, as that alone can enhance the sponsorship for such projects 'dramatically'.

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26 Aug, 2025 12:21

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L&T's R Shankar Raman has projected the EPC major's current $60 billion orderbook to rise by four-fold in the next 25 years, and also underscored the need to reduce the 'life cycle cost' of India's infrastructure projects sharply down, in order to unlock greater value.

As part of the panel discussion of the India Business Leader Awards (IBLA) jury meet on CNBC-TV18, Shankar Raman said efforts are on at L&T to bring down the time taken to deliver on infrastructure projects, as that alone can enhance the sponsorship for such projects 'dramatically'.

"If we can reduce time taken to build the infra, it will help the present value of money being unlocked," Shankar Raman said. Once that happens, "the infrastructure projects should get delivered in a third of times."

This reduction in time taken to complete projects will also help reduce the cost, he added. Shankar Raman also stressed on the need to prioritize quality infrastructure over 'low-cost options', adding that "India’s infrastructure future hinges on balancing quality, cost and monetization potential." A focus on quality infrastructure will be key to monetize projects for sustainable growth, he added.

R Shankar Raman added that Centre needs to keep the focus on reforms, to drive higher growth. "The potential for growth is still there, but without a strong foundation, we risk weak and vulnerable progress. If the government can accelerate these structural reforms, India is ready to move forward."

L&T's President said there is an urgent need to ramp up policy focus on R&D and automation. Shankar Raman is of the view that adapting new technology and the engineering that comes after that can free up a lot of labour that is current locked in construction projects.

During its second quarter earnings call, L&T had said that it sees the Indian economy at an inflection point, moving towards transformational changes that can bring stability and growth.