L&T Ventures into Green Hydrogen with New Arm LTGEK in India
Key Ideas
  • L&T announces the establishment of L&T Green Energy Kandla Pvt Ltd for green hydrogen projects, focusing on renewable energy-powered electrolysis.
  • Green hydrogen is recognized as a clean and versatile energy carrier, crucial for balancing energy supply and combating climate change.
  • The new subsidiary aims to develop green hydrogen and its derivatives like green ammonia, enhancing L&T's presence in sustainable energy solutions.
  • Larsen & Toubro, a prominent Indian conglomerate, had previously inaugurated its first green hydrogen plant in Gujarat, furthering its commitment to eco-friendly initiatives.
Larsen & Toubro (L&T), a leading engineering giant based in New Delhi, has recently diversified its portfolio by establishing a new arm, L&T Green Energy Kandla Pvt Ltd (LTGEK), dedicated to green hydrogen projects. The company's subsidiary, L&T Energy Green Tech Ltd, fully owns this new entity, which was incorporated to focus on the development of green hydrogen and its by-products, such as green ammonia. Green hydrogen, produced through water electrolysis and powered by renewable sources, is hailed for its cleanliness and versatility as an energy carrier, offering a solution to the energy supply challenge while addressing climate concerns. L&T's move into green hydrogen aligns with its vision of advancing sustainable energy solutions and promoting environmentally friendly practices. By venturing into green hydrogen projects and establishing its presence in this sector, L&T aims to contribute significantly to the adoption of eco-friendly technologies in the energy industry. This strategic decision also emphasizes the company's commitment to innovation and addressing global climate issues. Furthermore, Larsen & Toubro's initiative to set up a green hydrogen plant in Gujarat underscores its proactive approach towards embracing green technology and reducing carbon emissions. The development of green hydrogen and its derivatives by LTGEK signals a shift towards cleaner energy alternatives within L&T's operations, reinforcing its position as a key player in the sustainable energy landscape. As a USD 27-billion multinational enterprise, L&T's foray into green hydrogen projects marks a significant milestone in the company's journey towards a more sustainable and environmentally conscious future.
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