L&T Commits $1.94 Billion Investment in Tamil Nadu Projects
Larsen & Toubro (L&T) signed a Memorandum of Understanding with the Tamil Nadu government to invest $1.94 billion in three key projects. This investment is projected to create approximately 8,200 jobs in the region, marking a significant economic boost.
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Larsen & Toubro (L&T) has finalized its first investment MoU with the Tamil Nadu government, committing Rs 18,600 crore ($1.94 billion) for three projects. The planned initiatives include a Data Center Expansion in Kanchipuram worth Rs 15,000 crore, creating 500 jobs; an electronic manufacturing facility in Coimbatore valued at Rs 2,500 crore, generating 2,000 jobs; and an expansion of the Kattupalli shipyard at Rs 1,100 crore, which could provide 5,700 jobs. This investment underscores the state's potential as a hub for engineering and manufacturing industries.
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