The Heavy Engineering industry comes under Capital Goods group. It’s a commodity type industry.

Industry Strengths

Hugh and growing domestic demand as India is out to augment its facilities in power, infrastructure, oil and gas and other sector
Huge and growing demand from private industrial companies
Availability of technical knowledge through internal R&D and tie-ups with world leaders
Availability of skilled manpower to design, erect and commission large projects
Good export demand especially from Middle East, Africa and South-East Asia

Industry Weakness

Volatility in prices of metals like steel, copper and aluminium being key raw material
Competition from Chinease and Korean suppliers who get benefits and subsidies from their respective governments
Quality and timely delivery issues are there which which are turning Indian private companies to foreign suppliers
Delay in projects and payments during economic slowdown period

Growth Drivers

Growth in industrial and commercial activity, need for capital goods
Government policies to augment power, infrastructure, Oil and Gas sectors
Defence, rail transport, construction, mining, metal and other industries are other very large customers

Larsen & Toubro, headquartered in Mumbai, is a technology-driven engineering and construction organization, and one of the largest companies in India's private sector. It has additional interests in manufacturing, services, and information technology.

A strong customer-focused approach and the constant quest for top-class quality has enabled the company attain and sustain leadership in its major lines of businesses over seven decades.
L&T has an international presence, with a global spread of offices.

Segments and Products

The Company's segments include

1.Infrastructure, which is engaged in engineering and construction of building and factories;
2.Power, which offers solutions for thermal power plants;
3.Metallurgical & Material Handling, which consists of solutions for ferrous and non-ferrous metal industries;
4.Heavy Engineering, which manufactures and supplies custom designed, engineered critical equipment and systems;
5.Electrical & Automation, which manufactures and sells control and automation products;
6.Hydrocarbon, which is engaged in engineering, procurement and construction solutions for the oil and gas industry;
7.IT & Technology Services, which includes information technology;
8.Financial Services, which includes retail and corporate finance;
9.Developmental projects, which develops, operates and maintains basic infrastructure projects, and
10.Others, which include realty and shipbuilding.