Larsen & Toubro Limited has informed the Exchange regarding a press release dated August 13, 2025, titled "L&T Energy GreenTech Partners with Japan s ITOCHU for Green Ammonia Project".
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L&T Energy GreenTech Ltd (LTEG), a wholly-owned subsidiary of Larsen & Toubro, has signed a Joint Development Agreement with Japan's ITOCHU Corporation to build a 300 KTPA (kilo tonnes per annum) green ammonia project at Kandla, Gujarat. ITOCHU will offtake the entire output for use as marine bunkering fuel in Singapore, giving the project a confirmed buyer from day one. L&T had already acquired land at Kandla last year for green hydrogen and ammonia projects, and this tie-up advances its clean-energy strategy. The partnership aligns with India's National Green Hydrogen Mission, which targets 5 MMTPA capacity and over USD 100 billion in investments by 2030.
Positive for L&T shareholders — a marquee international partnership with a top Japanese trading house de-risks the green ammonia venture by securing offtake and adds a credible new growth engine in the clean-energy space, though commercial benefits remain medium-to-long term.