India's data-centre capacity has crossed roughly 1.8 GW following a record addition of 258 MW in the first half of FY27, with projections reaching about 10.5 GW by 2031. According to reports from Equitymaster.com, this expansion is driving significant capital expenditure cycles linked to India's AI and data-centre infrastructure build-out. The country's live data-centre capacity has crossed roughly 1.8 GW, with the scale of this expansion making order books an important metric alongside revenue and profit growth for investors seeking exposure to this infrastructure theme.
Larsen & Toubro (L&T) reported record second quarter results with revenue rising 16% year-on-year to ₹78,700 crore and profit after tax increasing 33% to ₹5,200 crore. As reported by Equitymaster.com, order inflows surged 28% to a quarterly record of ₹1,47,700 crore, with the company's consolidated order book standing at ₹8,53,500 crore as of 30 September, up 28%. International orders account for 54% of its order backlog, and management has identified an addressable pipeline of about ₹10 lakh crore in the near term, with data centres, semiconductors and green hydrogen positioned as future growth drivers.
Power Mech Projects operates across four business segments including Industrial Construction, Industrial Services, Infrastructure Construction, and Mining Development and Operations. According to Equitymaster.com, the company's order backlog, including MDO, stood at ₹56,650 crore as of 30 September 2026, with revenue growing at an annual rate of more than 17% to ₹6,060 crore in FY26. The company has set a target of ₹12,000 crore for order inflows in FY27, with management expecting margins to recover as its MDO business scales up and shifting towards integrated balance-of-plant EPC delivery.
Sterlite Technologies (STL) operates across the optical connectivity value chain and holds roughly 9% of the global optical fibre cable market outside China. As reported by Equitymaster.com, the company's order book stood at ₹35,274 crore as of 30 September 2026, up 4.6 times since the beginning of the year, supported by multi-year agreements with hyperscalers. STL is targeting revenue of ₹20,000 crore by FY29 and has raised its EBITDA margin ambition to more than 30%, with data centres already accounting for 33% of its revenue in the first half of FY27.
The AI and data-centre investment cycle offers opportunities across construction, power and connectivity sectors, but its sustainability depends on hyperscalers continuing substantial capital commitments to infrastructure. According to Equitymaster.com, while large order books improve revenue visibility, they do not guarantee execution, profitability or stock-market returns. Investors need to assess order quality, execution timelines, margins, corporate governance and valuations before making investment decisions, with each company's fundamentals and risks warranting independent scrutiny.
