India's L&T to invest nearly $2 billion in Tamil Nadu, state government says

Larsen and Toubro

04/06/2026 11:33

    June 4 (Reuters) - India's Larsen and Toubro LART.NS signed a pact with the southern factory hub of Tamil Nadu to invest 186 billion rupees ($1.94 billion) in projects that include electronics manufacturing and a data centre, the state government said on Thursday.
Here are some details of the memorandum of understanding:
This is the first investment pact in the industrial sector signed by actor-turned-politician Joseph Vijay's government since he became chief minister last month.
The largest investment share, worth 150 billion rupees, will go towards a data centre expansion project in Kancheepuram district, which the state said would create 500 jobs.
L&T will also invest 25 billion rupees in an electronics manufacturing project in Coimbatore, expected to create 2,000 jobs.
The company will invest the rest to expand its Kattupalli shipbuilding yard to create 5,700 jobs, the state said.
L&T did not immediately respond to a Reuters request for comment.
($1 = 95.7650 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Harikrishnan Nair)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))