Market Performance
- L&T share price was trading 0.5% higher at ₹3,484 on Monday, July 21.
- The stock has dipped 2.6% over the past month.
- On a year-to-date basis, the stock is down 5% in 2025.
Main News: L&T to Set Up India's Largest Green Hydrogen Plant
Larsen & Toubro (L&T), one of India’s leading infrastructure giants, has made headlines with its latest clean energy move.
Its green energy arm is set to establish the country’s largest green hydrogen plant at the Indian Oil Corporation Ltd (IOCL) Panipat Refinery in Haryana.
This ambitious project will be carried out on a Build-Own-Operate (BOO) model, aiming to supply a massive 10,000 tonnes of green hydrogen annually for the next 25 years.
Company Details
According to the official exchange filing, this plant will:
- Be powered using high-pressure alkaline electrolysers.
- Use electrolysers manufactured by L&T Electrolysers Ltd. at their Hazira, Gujarat facility.
This initiative aligns with India’s clean energy goals and IOCL’s mission to decarbonize refining operations.
It also strengthens L&T’s position in the green hydrogen ecosystem as a first mover in the sector.
L&T’s Deputy MD and President, Subramaniam Sarma, emphasized the project’s impact on India’s energy transition and its role in scaling up clean industrial processes.
Additional Strategic Moves
- Earlier in March 2025, L&T signed a Memorandum of Understanding with John Cockerill Energy.
- The focus was on:
- Exploring concentrated solar power technologies.
- Advancing thermal energy storage solutions.
- Building strategic collaboration in manufacturing, component supply, and engineering.
Summary of the Article
- L&T share price rose 0.5% to ₹3,484 on July 21 following the announcement.
- The company will supply 10,000 tonnes/year of green hydrogen to IOCL for 25 years.
- Electrolysers will be sourced from L&T’s Hazira unit.
- The project is a significant step in India’s net-zero goals.
- L&T strengthens its position in the renewable energy and hydrogen space.
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