The shares of one of the 50 Nifty Stocks primarily focussed on engineering, procurement, and construction (EPC) solutions are on focus today upon receiving the order to build Uzbekistan’s first-ever AI-enabled data center.
Share Price Movement
The shares of Larsen & Turbo Ltd, with a market capitalization of Rs 4.75 Lakh Crores, as of Tuesday morning, were trading around Rs 3,430 per share, 0.8% down from its previous close of Rs 3,458.
Order details
Larsen & Toubro (L&T) has secured a major contract to construct Uzbekistan’s first AI-driven and sustainable 10-megawatt data center in Tashkent. The value of this project being around Rs 1,000 to 2,500 Crores is set to establish new benchmarks for data center infrastructure in the region by integrating cutting-edge technology with a strong focus on sustainability. L&T will handle the facility’s engineering, procurement, and construction, which will feature advanced AI capabilities to support next-generation AI applications, reduce environmental impact, and enhance energy efficiency. The data center will also include robust security features to safeguard sensitive data using the latest security technologies.
Management Commentary
Commenting on this, Mr. M V Satish, Member of the Executive Committee & Advisor to the CMD, L&T, said: “It is indeed a matter of great pride that L&T Buildings & Factories vertical will be executing this AI-enabled and sustainable data center in Tashkent. This underscores the expertise of L&T in executing complex and unique projects across the globe.”
Financials-Q2FY25
The company’s revenue from operations rose by 20.6% from Rs. 51024.04 crore in Q2FY24 to Rs. 61554.58 crore in Q2FY25. Meanwhile, Net profit rose by 6.7% from Rs. 3855.55 crore to Rs 4112.81 crore during the same period.
About L&T
Larsen & Toubro is an Indian multinational enterprise engaged in EPC Projects, Hi-Tech Manufacturing, and Services, in key sectors such as infrastructure, hydrocarbon, power, process industries and defense, information technology, and financial services in domestic and international markets. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. The consolidated order book of the group as of Q2FY25 is at Rs 5.10 Lakh crore registering a growth of 7% over March 2024, with the share of international orders at 40%.
Written by Adhvaitha Nayani
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