L&T Announces $2 Billion Investment in First Green Hydrogen Project
Key Ideas
  • L&T plans to invest at least USD 2 billion in its first green hydrogen project, aiming for 2-3 million tonnes of green hydrogen and ammonia capacity.
  • The company also focuses on adopting frontier technologies like advanced sensors and robotics to enhance project execution efficiency.
  • L&T has a vision 'For A Better World' with initiatives such as electrification of mass transit systems, solar and nuclear power commissioning, and green building creation.
  • The company aims to increase women employees' participation and has strong corporate social responsibility initiatives impacting millions globally.
Infrastructure conglomerate Larsen & Toubro (L&T) has announced an investment of at least USD 2 billion in its first green hydrogen project, emphasizing sustainable growth in green energy. With plans to achieve 2-3 million tonnes of green hydrogen and ammonia capacity, the company envisions investing nearly USD 4 billion. L&T's adoption of advanced technologies like advanced sensors, embedded software, and robotics aims to streamline project execution processes. The company's visionary approach, 'For A Better World,' involves significant projects in electrification, solar and nuclear power commissioning, and green building construction. Moreover, L&T strives for inclusivity by aiming to increase women employees' participation to 10 percent by 2025-26, offering career-assisting schemes and women-friendly facilities. The company's corporate social responsibility initiatives have positively impacted over 1.6 million people through activities like planting 4 million saplings globally and enhancing resilience in rural communities. L&T's Chairman highlighted the successful completion of iconic projects both in India and internationally, showcasing the company's commitment to innovation and sustainability.
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