India's L&T gains after unit wins up to $1.6 billion NVIDIA AI factory order

Larsen and Toubro

13/08/2026 07:22

Aug 13 (Reuters) - ** Shares of Larsen and Toubro LART.NS rise 1% to 4,060 rupees
** Engineering & construction firm's unit wins 100 billion-150 billion rupee ($1.05 billion-$1.57 billion) order to build NVIDIA B300 AI factory in India
** Marks co's foray into AI factory business; L&T will deploy NVIDIA B300 infrastructure at its Chennai data centre campus
** Stock rated "hold" on avg by 29 analysts; median PT 4,466.5 rupees - data compiled by LSEG
** Stock down 2.1% YTD
     
     
($1 = 95.3600 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)
((aleefjahan.cs@thomsonreuters.com;))