Shares of Larsen and Toubro Ltd (L&T) were trading in the red and 1% lower on 28 January, although the engineering and construction behemoth announced that it has received a “significant” order worth up to Rs 2,500 crore to build Uzbekistan’s first sustainable and AI-enabled 10-megawatt data centre in Tashkent.
L&T will develop the data centre using the engineering, procurement, and construction (EPC) approach. The facility will feature cutting-edge AI capabilities while prioritizing energy efficiency and minimizing its environmental footprint.
V Satish, Member of the Executive Committee and Advisor to the L&T CMD said, “L&T Buildings & Factories vertical will be executing this AI-enabled and sustainable data centre in Tashkent. This underscores the expertise of L&T in executing complex and unique projects across the globe.”
L&T claims that the data centre would have robust security measures to protect sensitive data and set new standards for data centre architecture in the region.
L&T has been expanding into the data centre sector, and its 12 MW data centre in Chennai is nearly complete and ready for use shortly. The company plans to expand the Chennai data centre to 30 MW and plans to construct data centres in Bengaluru and Navi Mumbai in the near to medium term. L&T estimates that its total infrastructure order prospects for H2FY25 are Rs 5.42 trillion, with domestic orders accounting for Rs 4.13 trillion of that total.
L&T’s overseas order book, which is worth Rs 2.05 trillion, is sourced from the Middle East to the tune of about 85%. At Rs 5.1 trillion as of the September quarter, L&T’s order book is 13% larger than it was a year ago.
At 11:42 am, the shares of L&T were trading 0.73% lower at Rs 3,432.40 on NSE.
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