Larsen & Toubro, the leading Indian multinational conglomerate, has signed an MoU with the Government of Tamil Nadu to establish a data center at Kanchipuram, Tamil Nadu. The MoU was signed at Coimbatore, by Mr. Sudhir L. Mahajan, Vice President & Head Data Center Business, L&T and Ms. Pooja Kulkarni, IAS, MD Et CEO, Guidance, in the august presence of Chief Minister, Tamil Nadu, Thiru M K Stalin and other officials from L&T.
L&T will establish 90 MW capacity Data Centers and associated units in a phased manner in Kanchipuram over the next 5 years. The company envisages to employ around 1100 people (600 direct and 500 indirect) in the project.
The Government of Tamil Nadu will provide uninterrupted power supply and other infrastructure support on a best-effort basis that will bring tangible economic and social benefits to the people of Tamil Nadu.
Commenting on this occasion, Mr. S N Subrahmanyan, CEO a MD, L&T, "Tamil Nadu is on
a growth trajectory, and we are delighted to partner with the Government of Tamil Nadu to propel this growth by building a data center that will further trigger development by attracting investments and generating jobs for the people of Kanchipuram."
L&T will be establishing hyperscale Data Centers at Kanchipuram to provide comprehensive solutions and end to end data center services, with multi-cloud managed and cyber security services, digital transformation integration services and application integration services.
The largest construction company in India, L&T is using technology and innovation for sustainable growth. A leader in deploying IIoT in its businesses, L&T is 3D printing houses, using IoT to power smart buildings for its clients, ensuring 'safety' at workplace through simulated (VR) systems, tracking a monitoring over 11,000 assets across its project sites through digital chipsets: and employing Geospatial tech, LiDAR and drone-based surveys.
Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 1888.25 as compared to the previous close of Rs. 1864.30. The total number of shares traded during the day was 59200 in over 3839 trades.
The stock hit an intraday high of Rs. 1894.70 and intraday low of 1842.00. The net turnover during the day was Rs. 111012157.00.