mumbai, May 9 -- A surge in international business, particularly from the Middle East, helped India's largest engineering and infrastructure company Larsen & Toubro (L&T) grow its order book at a compounded annual rate of over 15% between FY21 and FY25, even as growth in domestic orders chugged along at a slower pace. The company believes that growth in international business will once again outpace domestic business expansion in FY26. It sees a business prospect pipeline of Rs.12 lakh crore from international markets compared to Rs.7 lakh crore from the domestic market during the year. This includes upcoming contracts that the company has identified for bidding. L&T usually wins 20-25% of the contracts it bids for. For context, at the beginning of FY25, the company had indicated international and domestic prospects of about Rs.z7 lakh crore each. "I think there is a momentum in the international market at the moment. We think the momentum will continue," said R. Shankar Raman, president, whole-time director and CFO of L&T. "We do think FY26 will also have certain tilt towards international orders," he said during a post-earnings media call. Shankar Raman said that L&T was not worried about the Indian government's change in stance to focus on a consumption-led growth over infrastructure investment-led growth in the economy. "We do believe that investments lead to employment generation, which leads to income generation and hence consumption. We continue to bet on the need for the government to step up on its infrastructure investment. We still think we are under-invested (in infrastructure)," he said....