Larsen & Toubro share price rises 1%: Check what the infra major said on data centre capacity

According to a PTI report, L&T plans to commission 18 MW of data centre capacity by March-end, taking its total operational capacity to 32 MW by the end of the current fiscal.

The total capital expenditure for the data centre stands at around ₹1,000 crore.

In the semiconductor business, L&T is focusing on design-led chips and engaging with multiple customers, with most spending being expensed through the profit and loss account, the company said during the Q3 earnings conference call.

As far as the electrolyser business is concerned, the company has developed a fully indigenous 4 MW stack and is upgrading it to 8-10 MW, expecting significant orders in the near term.

"As of now, we have almost 32 MW of capacity in the Data Center, out of which 14 megawatts are up and running; another 18 megawatts will get commissioned by the end of this fiscal year," a company official said during the conference call.

"The total capex investment in the data centre is roughly in the range of Rs 1,000-odd crores," the official added.

The official further noted that for semiconductors, "most of the spending that we are doing is still into creating design-led semiconductor chips. We are in touch with multiple customers in this segment. And whatever spending is happening, most of that is getting washed through the P&L itself.

"As far as the electrolyser business is concerned, we have already made a perfect design of a 100% indigenous 4 MW stack. We are now slowly upgrading it to an 8-10 MW stack. And we do expect a lot of opportunities to come in the near term," the official said.

L&T Q3 FY26 Results

The infrastructure major reported a 4.2% drop in consolidated profit after tax (PAT) at ₹3,215 crore for the December quarter of FY26 on the back of higher expenses.

The company had posted a profit after tax (PAT) of ₹3,359 crore in the year-ago period, L&T said in a filing to the BSE.

However, revenue from operations in the October-December period rose to ₹71,450 crore from ₹64,668 crore in the year-ago period, the filing said.

Total expenses during the quarter rose to ₹65,729.76 crore from ₹60,302.62 crore in the year-ago period.

As of December 31, 2025, the group's consolidated order book reached ₹7,33,161 crore, a 30% increase from December 2024, with international orders making up 49% of the overall order book.

"Looking ahead, we remain optimistic that pro-growth momentum will be maintained in the ecosystem through sustained capital expenditure. We expect additional policy thrust to strengthen domestic manufacturing and fiscal incentives to support the deepening of India's digital and AI ecosystem," Chairman and Managing Director S N Subrahmanyan said.

"As we scale up, we remain committed to delivering technology-led growth and creating long-term value for our stakeholders," the chairman added.

About Larsen & Toubro

Larsen & Toubro Limited (L&T) is a leading engineering and construction company. The infrastructure major also has a significant presence in the IT, finance, and power sectors. In its more than seven decades of operation, the company has maintained a leadership position in the engineering and construction segment in India. L&T also has global offices and manufacturing units in several countries.

The company has been involved in major infrastructure projects in India and abroad, such as building bridges, metro rail systems, and airports. L&T also has a considerable footprint in the defence sector with its high-performance engineering solutions.

Established in 1938 by Henning Holck-Larsen and Soren Kristian Toubro, L&T has its headquarters in Mumbai. The company has its operations in over 30 countries in Asia, the Middle East, and Africa.

L&T business operations

L&T has diversified into different sectors and operates its business through many subsidiaries. The company is involved in research and development activities, particularly in areas such as renewable energy, water management, and smart infrastructure.

The company has worked on landmark projects such as Mumbai International Airport, the Statue of Unity, Motera Cricket Stadium, and the Riyadh Metro.

L&T Heavy Engineering is a global hi-tech manufacturing company and supplies engineered-to-order equipment for refinery, oil and gas, fertiliser, petrochemical, and nuclear industries. Its manufacturing facilities are located at Hazira (Surat), Ranoli (Vadodara), and Powai (Mumbai).