L&T bets on green hydrogen, battery storage, T&D to drive utilities growth

L&T is scaling up its utilities business by focusing on green hydrogen, large battery storage projects and a booming transmission and distribution segment in India and overseas

Larsen & Toubro (L&T) views green hydrogen as the most critical segment as it gradually builds presence in that space.This comes even as large-scale battery storage and transmission and distribution (T&D) remain key growth drivers for its utilities business.

 

T Madhava Das, whole-time director and senior executive vice-president (utilities), L&T, said green hydrogen is the most critical segment for L&T.

 

“Under our energy portfolio, we have created a separate company called L&T Energy Green Tech Ltd. We are concentrating on projects, but we are doing it step by step. We’re not trying to spread ourselves thin. We have already taken