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.
Topics
Projects
Infrastructure
Technology
Sustainability
Investment
Green Energy
Corporate Social Responsibility
IoT
Geopolitical Risk
Latest News