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L&T’s Rs 15,000 cr bet with Nvidia is a gut punch to a struggling E2E

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In early August, Larsen & Toubro (L&T) signed a deal with US-based AI cloud platform Together AI to build a 10,000-GPU Nvidia cluster in Chennai, worth up to Rs 15,000 crore. E2E Networks—the Indian GPU cloud provider L&T once saw as its route into AI compute—was nowhere near the deal. 

Odd, because this is exactly the kind of business L&T had found in E2E when it paid Rs 1,079 crore for a 21% stake in the listed Indian cloud provider in 2024. 

“It was mainly the platform,” a senior executive in L&T’s........

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