MUMBAI, March 2 -- As rivals race into billion-dollar artificial intelligence (AI) infrastructure bets, Larsen & Toubro Ltd is taking a slower, engineering-led approach, wagering that disciplined scaling will win in a rapidly expanding market.

India's largest engineering conglomerate expects its data centre business to generate $1 billion, or approximately Rs.9,200 crore, in annual revenue by 2030, by which time it aims to build 350 megawatts (MW) of operational capacity. The strategy contrasts with peers announcing gigawatt-scale investments, even as demand for AI infrastructure accelerates across the country.

"We of course hope that in the next five years, we can scale our business up to $1 billion in annual revenue. That's the goal, ...