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Larsen & Toubro Secures Major Order for Uzbekistan’s First AI-Enabled Data Centre

Written by: Team Angel OneUpdated on: Jan 28, 2025, 2:53 PM IST
L&T has secured a significant order to build Uzbekistan’s first AI-enabled data centre in Tashkent and was also chosen for a groundbreaking renewable energy project in Abu Dhabi.
Larsen & Toubro Secures Major Order for Uzbekistan’s First AI-Enabled Data Centre
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Larsen & Toubro (L&T) has announced that it has secured a significant order to build Uzbekistan’s first AI-enabled and sustainable data centre in Tashkent. This project marks a milestone in advancing data centre infrastructure in the region with a focus on cutting-edge technology and sustainability.

AI-Powered and Sustainable Data Centre in Tashkent

L&T, known for its excellence in engineering and construction, will oversee the engineering, procurement, and construction (EPC) of the 10-megawatt data centre. The project is classified as ‘significant,’ with a value ranging between ₹1,000 crore and ₹2,500 crore. Equipped with advanced AI capabilities, the data centre will support next-generation applications, enhance energy efficiency, and minimise environmental impact. Additionally, robust security measures will ensure the protection of sensitive data. MV Satish, a member of the company’s executive committee, expressed pride in the opportunity to execute this state-of-the-art project.

Renewables Milestone in Abu Dhabi

On January 27, L&T’s renewables vertical secured a prominent role in Masdar’s giga-scale solar and battery storage project in Abu Dhabi. This landmark initiative, the first 24/7 solar photovoltaic (PV) and battery energy storage system (BESS) project globally will feature a 5.2GW solar PV plant and a 19GWh BESS, making it the largest project of its kind worldwide.

L&T Share Performance

As of January 28, 2025, 11:00 AM, the shares of L&T are trading at ₹3,449.20 per share with a decline of 0.28% from its previous day’s closing price. Over the last month, the stock has declined by 3.63%.

Conclusion

L&T continues to demonstrate its leadership in engineering and sustainability through landmark projects in Tashkent and Abu Dhabi, paving the way for innovative advancements in infrastructure and renewable energy.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 28, 2025, 2:53 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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