New Delhi, Aug. 28 -- Mumbai,

New Delhi :

Mumbai & Delhi: A decade after Larsen & Toubro Ltd (L&T) decided to exit asset ownership in conventional infrastructure because of poor returns, India's largest engineering and infrastructure company is once again putting large projects on its balance sheet-but this time in businesses where it can own assets and capture the economics of operating them.

Over the past two to three years, the Mumbai-headquartered conglomerate has committed capital to data centres, green hydrogen production and electronics manufacturing, marking a selective reversal of its long-standing asset-light strategy.

Instead of merely building infrastructure for customers and handing over the assets, the company plans to o...