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New segments like defence and data centres to drive growth for L&T

Reports state the Telangana state government is to takeover the asset at around Rs 2,000 crore equity valuation

L&T sells Singoli-Bhatwari hydro project to Renew Power for Rs 985 cr
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Future focus areas may include real estate, where it is looking at tier-I cities with land acquisitions and joint development projects.

Devangshu Datta
The exit of Larsen & Toubro (L&T) from the Hyderabad Metro is a long-term positive for the stock. It could be a bullish trigger, alongside higher international orders, and new opportunities in segments like defence and data centres.  
 
The Telangana state government will reportedly take over the asset at around ₹2,000 crore equity valuation. A state government press note suggests it will take over ₹12,730 crore of the special purpose vehicle’s debt and offer a one-time settlement of ₹2,000 crore for L&T’s equity investment (L&T’s total equity invested was ₹5,900 crore).
 
The FY25 profit before tax (PBT) loss at the