L&T Establishes Green Energy Arm for Green Hydrogen Projects
Key Ideas
- L&T forms a new subsidiary, LTGEK, to lead green hydrogen projects and related activities.
- LTGEK will focus on developing green hydrogen and derivatives like green ammonia using renewable energy sources.
- The incorporation aligns with L&T's broader green energy goals, aiming to roll out 150–200 MW of electrolyser capacity by September 2025.
- L&T Energy Green Tech Limited subscribed to the equity shares of LTGEK, demonstrating commitment to green energy initiatives.
Construction giant Larsen & Toubro (L&T) has established a new subsidiary, L&T Green Energy Kandla Private Limited (LTGEK), to drive the development of green hydrogen projects. LTGEK will concentrate on producing green hydrogen and its derivatives, such as green ammonia, utilizing renewable energy sources like solar and wind power. The company's move is in line with its broader green energy objectives, with plans to launch 150–200 megawatts (MW) of electrolyser capacity by September 2025. L&T Energy Green Tech Limited, a wholly owned subsidiary, has fully subscribed to the equity shares of LTGEK, amounting to Rs 1,00,000, showcasing a strong commitment to sustainable energy initiatives.
Topics
Green Hydrogen
Renewable Energy
Sustainability
Green Technology
Construction
Business Development
Financial Market
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