L&T to look at up to $4 bn investment in green hydrogen with partners

First, L&T's planned electrolyser factory at Hazira, which Subrahmanyan stated will involve an investment of Rs. 500 crore, as the land and factory are already in place

Larsen & Toubro (L&T) will aim to invest $3-4 billion in green hydrogen projects, along with its joint venture (JV) partners, said a senior executive from the company. These investments are planned over three to five years, depending on cost economics.

The engineering conglomerate is also in talks to acquire the Nuclear Power Corporation of India’s (NPCIL’s) share in one of its forging JV companies for a consideration of Rs. 100-150 crore.

“We are considering investments worth $3-$4 billion in the green hydrogen space, in collaboration with partners,” said S N Subrahmanyan, chief executive officer and managing director of the