NewsL&T data centres target $1bn revenue by 2030 Shouvik Das4 min read2 Mar 2026, 11:09 AM ISTSeema Ambastha, chief executive of Larsen & Toubro Vyoma. SummaryThe engineering giant is targeting $1 billion revenue by 2030 through phased capacity growth amid India’s accelerating AI infrastructure boom. MUMBAI: As rivals race into billion-dollar artificial intelligence (AI) infrastructure bets, Larsen & Toubro Ltd is taking a slower, engineering-led approach, wagering that disciplined scaling will win in a rapidly expanding market. India’s largest engineering conglomerate expects its data centre business to generate $1 billion, or approximately ₹9,200 crore, in annual revenue by 2030, by which time it aims to build 350 megawatts (MW) of operational capacity. The strategy contrasts with peers announcing gigawatt-scale investments, even as demand for AI infrastructure accelerates across the country.“We of course hope that in the next five years, we can scale our business up to $1 billion in annual revenue. That’s the goal, and given our growth targets coupled with how fast the industry is growing, I don’t think this should be improbable,” said Seema Ambastha, chief executive of Larsen & Toubro Vyoma, the company’s data centre division. Also Read | Mergers, headwinds, missed bets: Why L&T’s IT push stalledIndia’s largest engineering and construction group reported ₹2.55 trillion in annual operating revenue last fiscal. Measured buildoutCurrently, L&T operates a 30MW data centre at its Chennai campus and is expanding capacity in phases.
