New Delhi, Oct. 29 -- Engineering giant Larsen & Toubro Ltd flashed the first signs of a much-awaited recovery in India's private capital expenditure, reporting a sharp recovery in domestic infrastructure orders in the September quarter.

The company's infrastructure projects segment received domestic orders worth nearly Rs.27,400 crore during the quarter, almost 50% more than a year earlier. Domestic order receipts for this business segment crossed the Rs.20,000 crore mark after five fiscal quarters. L&T is India's largest infrastructure developer by a wide margin.

"We find that both private sector capital as well as infrastructure investments have shown an uptick. We do believe that the trend would continue going forward," said R. Shan...