Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, has signed an MoU with the Government of Tamil Nadu to establish a data center at Kanchipuram, Tamil Nadu.

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, S N Subrahmanyan, CEO & 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."

Shares of the company declined Rs 1.20, or 0.06%, to trade at  Rs 1,887.05.  The total volume of shares traded  was 20,600 at the BSE (11.37 a.m., Wednesday).