India's Larsen and Toubro secures AI data centre order worth up to $1.57 billion

Aug. 13 (Reuters) - India's Larsen and Toubro LART.NS on Thursday said it had secured an order worth up to 150 billion rupees ($1.57 billion) from U.S.-based cloud platform Together AI to host an AI data centre using Nvidia's NVDA.O high-performance chips.

L&T's shares rose as much as 1.2% in midday trade.

• The order secured by L&T's AI infrastructure subsidiary, LTN Compute, is in the range of 100 billion to 150 billion rupees ($1.05 billion to $1.57 billion), and marks L&T's foray into the AI factory business, the company said.
• The centre, hosted at the firm's Vyoma.AI unit in its campus in the southern Indian city of Chennai, will have a capacity of 10,000 NVIDIA B300 chips.
• This is the largest such deployment in India, L&T said, and added it will support Together AI's cloud platform for AI inference, fine-tuning and training.
• Nvidia's B300 ranks among the most powerful chips available for AI inference tasks.

($1 = 95.3950 Indian rupees)