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L&T to work across green energy value chain; to pump in $2.5 bn in 3-4 yrs

Investment to help it tap the entire value chain from manufacturing to EPC projects

Larsen & Toubro, L&T
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The company’s joint venture (JV) with Indian Oil Corporation (IOC) and ReNew Power, signed in April, is expected to drive its agenda on green energy, company officials said.

Viveat Susan Pinto
Engineering major Larsen & Toubro (L&T) has prepared a blueprint that will help it capitalise on emerging opportunities in clean and green energy. This is an area that is seeing significant interest from corporate houses, including Reliance Industries and the Adani group.

L&T's plan will include a $2.5-billion investment (nearly Rs 20,000 crore) in green energy, including green hydrogen, over the next 3-4 years as well as tapping the entire value chain in the sector. That is, from producing the fuel to manufacturing critical components such as electrolysers and advanced cell batteries to undertaking engineering, procurement and construction (EPC) projects

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First Published: Aug 21 2022 | 2:02 PM IST

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