Larsen & Toubro Limited's wholly owned subsidiary, Vyoma.AI Limited, has incorporated a new step-down subsidiary, LTA Data Centres Private Limited (LTADCPL), on June 20, 2026. The new entity has been established to focus on data centres and related technology-enabled services, marking an expansion in the infrastructure capabilities of the conglomerate's digital arm.

The incorporation follows the receipt of the Certificate of Incorporation from the Ministry of Corporate Affairs. Vyoma.AI Limited, along with its nominee shareholder, has subscribed to 100% of the equity shares of LTADCPL. The total authorised and subscribed capital of the new entity stands at ₹1,00,000, divided into 1,000 equity shares of ₹100 each.

Financial and Operational Details

The filing provided to the exchanges outlines the capital structure and ownership of the newly formed entity. As LTADCPL is yet to commence business operations, details regarding turnover and size are currently not applicable. The consideration for the acquisition of shares was made through a cash subscription.

Strategic Intent

The formation of LTADCPL is intended to establish data centres and offer related technology-enabled services. This move aligns with the growing demand for digital infrastructure. The disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Larsen & Toubro Limited has completed the divestment of Nabha Power Limited to Torrent Power Limited for a consideration of ₹3,632.35 crores. The transaction, executed through L&T Power Development Limited, involved the sale of 100% of the equity and convertible instruments held in Nabha Power Limited. Following the closing of the deal on June 25, 2026, Nabha Power has ceased to be a subsidiary of L&T Power Development Limited and the company.

Pursuant to the Securities Purchase Agreement signed earlier this year, L&T Power Development Limited received the adjusted consideration upon completion. While the equity stake has been transferred, L&T Power Development Limited continues to hold 2,32,50,00,000, 0.1% Non-Convertible Redeemable Preference Shares in Nabha Power Limited. These shares are recorded in the books of accounts of Nabha Power Limited at a value of ₹157.92 crores as on March 31, 2026.

Transaction Details