Larsen & Toubro Limited has informed the Exchange regarding a press release dated July 21, 2025, titled "L&T Energy GreenTech to Establish India s First Largest Green Hydrogen Plant".
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L&T's wholly-owned subsidiary, L&T Energy GreenTech (LTEG), will set up India's largest green hydrogen plant at Indian Oil Corporation's (IOCL) Panipat Refinery in Haryana. The plant will be developed on a build-own-operate (BOO) basis and supply 10,000 tonnes of green hydrogen annually to IOCL under a 25-year agreement. It will operate 24/7 using renewable energy and employ high-pressure alkaline electrolysers manufactured in-house at L&T Electrolysers' facility in Hazira, Gujarat. The project supports the Government of India's National Green Hydrogen Mission and aligns with the Aatmanirbhar Bharat initiative by using indigenously made electrolysers.
This first-mover project gives L&T a strong lead in India's emerging green hydrogen market, with long-term revenue visibility through the 25-year IOCL contract. It strengthens L&T's clean energy portfolio and positions the stock favourably amid India's energy transition and decarbonisation push.