L&T to Commission 32 MW Data Centre Capacity by March-End, Focuses on Electrolyser Market

In order to bring its overall operational capacity to 32 MW by the end of the current fiscal year, infrastructure firm Larsen & Toubro (L&T) intends to commission 18 MW of data centre capacity by March-end. The data centre's overall capital expenditure is close to INR 1,000 crore.

According to the company's Q3 earnings conference call, L&T is putting most of its spending on design-led chips. Further, it is also interacting with many clients in the semiconductor market. In the electrolyser sector, the firm is preparing to take on large orders soon after developing a completely indigenous 4 MW stack, which it plans to upgrade to 8-10 MW.

L&T Expanding its Data Centre Network

Currently, the company's data centre capacity is nearly 32 MW, according to an official who made the announcement during the conference call. Fourteen megawatts are now operational, with a further eighteen megawatts set to be operational by the conclusion of the current fiscal year.

The data centre's entire capital expenditure is probably about one thousand crores of rupees. The official went on to say that the majority of the brand's spending is still on creating design-led semiconductor chips when it comes to semiconductors. In this market category, L&T is interacting with numerous clients. Additionally, the official made notice of the fact that L&T has already designed a flawless 4 MW stack that is entirely indigenous, which is significant in the electrolyser market. Gradually, it is being upgraded to an 8-10 MW stack. It is also anticipating a plethora of prospects in the not-too-distant future.

Financial Dynamics of L&T

In the December quarter, Larsen & Toubro's consolidated earnings after tax fell 4.2% to 3,215 crore Indian rupees. The new labour regulations primarily caused it because of a one-time provision for employee perks. The consolidated profit after tax (PAT) for the previous year was INR 3,359 crore, as reported by the corporation. An extraordinary item amounting to INR 1,191 crore was included in the overall consolidated profit and loss for the quarter. This provision was made to cover employee benefits resulting from the new labour rules.