Larsen & Toubro (L&T) is gearing up to invest significantly in converting oil directly to chemicals (O2C) and petrochemical projects, with an estimated $50-$60 billion worth of projects expected to commence execution from FY25. Subramanian Sarma, the whole-time director and president of energy at L&T, shared that while the company is prepared to seize this opportunity independently, it is also interested in collaborating with global engineering, procurement, and construction (EPC) majors for larger projects. Sarma highlighted the growing interest in green energy projects, with a particular focus on blue ammonia, carbon capture, and green hydrogen development. L&T is developing a comprehensive strategy for green hydrogen, encompassing electrolyser manufacturing, EPC projects, and both domestic and international manufacturing and exportation. The company has secured significant contracts in Jafurah, Saudi Arabia, totaling $7 billion, with future projects valued at approximately $5.5 billion to be executed over the next 2.5 years. Sarma emphasized the emergence of O2C projects, with the potential for mega projects worth $10-$15 billion each, offering a substantial $50-$60 billion opportunity. Regarding partnerships for these large projects, L&T is open to joint ventures with EPC competitors, viewing them as project-specific collaborations rather than mere sub-contracting arrangements. The company is willing to collaborate with international tier-one EPC companies for projects exceeding $4 billion in value. L&T remains committed to continuous learning and skill development within its workforce to address any potential skill gaps arising from the influx of upcoming projects. The company is focused on bringing in industry talent and implementing structured development programs for leadership and technical expertise. Overall, the article portrays L&T's positive outlook towards energy projects, emphasizing its proactive approach towards green energy initiatives, including green hydrogen, and its readiness to collaborate with global partners for the successful execution of upcoming projects.