Larsen & Turbo has formed a new unit to accommodate to the smart cities, security solutions and communication projects expecting that the business will grow to $1 billion in three to four years because of the government’s push in these areas.

SN Subrahmanyan, board member and senior executive vice president (infrastructure and construction) said, “We have put together a small unit with 65 members which includes people from different verticals within the company and some people who have been especially hired for this.”

“It is a small business unit but with the kind of orders we expect, it can soon become a strategic business unit. It can easily become a $1 billion business in 3-4 years.”

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