L&T's Ambitious Plans for Green Hydrogen and Ammonia Projects in India
Key Ideas
- Larsen & Toubro (L&T) is strategically acquiring land in Kandla, Gujarat, and scouting for land in Odisha to develop green hydrogen and ammonia projects for both domestic and export markets.
- The company is investing heavily in electrolyser manufacturing, with plans to set up a state-of-the-art facility and execute engineering, procurement, and construction (EPC) projects to capitalize on the global shift towards renewable energy.
- L&T has already commissioned its first hydrogen electrolyser and is in talks with potential end-users in Korea, Japan, and Europe to establish offtake agreements before proceeding with green ammonia manufacturing facilities.
- With its focus on green projects, L&T aims to significantly increase its share of revenue from green initiatives, aligning with India's National Green Hydrogen Mission and the global drive towards sustainable energy solutions.
Infrastructure giant Larsen & Toubro (L&T) is strategically positioning itself in the green energy sector by acquiring land at Kandla port in Gujarat and seeking additional land in Odisha to establish green hydrogen and ammonia projects. With plans to develop greenfield projects at ports for easy market access, L&T aims to leverage the global transition towards renewable energy. The company is investing significantly in electrolyser manufacturing, with an initial investment of about Rs 500 crore and plans to secure offtake agreements before setting up green ammonia facilities. L&T's focus on green projects is evident with the commissioning of its first hydrogen electrolyser, marking a significant step towards sustainable energy practices. The company is in discussions with potential end-users in Korea, Japan, and Europe to ensure market presence and alignment with global sustainability goals. As India pushes for clean energy initiatives through the National Green Hydrogen Mission, L&T's ambitious plans align with the country's vision to emerge as a global hub for clean energy manufacturing. By focusing on EPC projects and core competencies, L&T aims to increase its revenue share from green projects, reflecting a positive sentiment towards sustainable energy solutions and private sector investments in the green energy sector.
Topics
Projects
Renewable Energy
Infrastructure
Manufacturing
Logistics
Export Market
EPC Projects
Private Sector Investment
Green Strategy
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