New Delhi, February 8 Infrastructure major Larsen & Toubro (L&T) plans to commission 18 MW of data center capacity by the end of March, taking its total operational capacity to 32 MW by the end of the current fiscal year.
The total capital expenditure for the data center is approximately Rs 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, of which 14 megawatts is currently operational, and another 18 megawatts will be commissioned by the end of this fiscal year," a company official said during the conference call.
"The total capital expenditure in the data center is roughly in the range of Rs 1,000-odd crore," he added.
The official further noted that for semiconductors, "most of the spending that we are doing is still focused on creating design-led semiconductor chips. We are in contact with multiple customers in this segment. And whatever spending is happening, most of that is being accounted for in the profit and loss account."
"As far as the electrolyser business is concerned, we have already developed a perfect design for a 100 per cent indigenous 4 MW stack. We are now gradually upgrading it to an 8-10 MW stack. And we expect a lot of opportunities in the near term," he said.
Larsen & Toubro reported a 4.2 per cent drop in consolidated profit after tax to Rs 3,215 crore in the December quarter due to a one-time provision for employee benefits related to new labour codes. The company posted a consolidated profit after tax (PAT) of Rs 3,359 crore in the year-ago period.
The total consolidated PAT for the quarter includes a one-time material provision of Rs 1,191 crore towards employee benefits arising from the implementation of the new labour codes, which has been classified under exceptional items.
