Larsen & Toubro Limited has successfully completed its scheduled interest payment on non-convertible debentures, demonstrating the company's commitment to maintaining its debt obligations. The engineering and construction major paid Rs 144 crore as interest on April 23, 2026, adhering to its predetermined payment schedule.

Interest Payment Details

The interest payment relates to the company's substantial debenture issue, showcasing strong financial discipline in debt management. The payment was executed precisely on the due date without any delays or complications.

Payment Schedule and Compliance

The company maintained its yearly payment frequency for these debentures, with no changes reported in the payment structure. The interest payment follows the previous payment made on April 23, 2025, indicating consistent annual servicing of the debt instrument.

Larsen & Toubro filed the mandatory certificate under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the timely completion of the interest payment. The filing ensures full regulatory compliance and transparency with both BSE and NSE.

Financial Commitment

The Rs 144 crore interest payment represents the company's ongoing financial obligations on its Rs 1800 crore debenture issue. The timely payment reflects the company's strong cash flow management and commitment to honoring its debt servicing requirements. No redemption activities were reported during this period, with all redemption-related parameters marked as not applicable, indicating the debentures remain outstanding as per their original terms.

L&T Energy GreenTech Ltd (LTEGL), a wholly-owned subsidiary of larsen & toubro , has signed a long-term partnership with ITOCHU Corporation of Japan to supply 300000 tonnes of green ammonia per annum from its proposed production facility at Kandla, Gujarat. The agreement was signed on a captive long-term take-or-pay basis, representing a significant progression in the partnership between the two companies.

Key Agreement Details

The long-term agreement was signed by Derek M Shah, CEO & MD of LTEGL, and Hiroyuki Tsubai, EVP, Member of the Board and President - Machinery Company at ITOCHU Corporation. The signing ceremony took place at ITOCHU's headquarters in Tokyo, attended by senior leadership including Masahiro Okafuji, Chairman & CEO of ITOCHU Corporation, S N Subrahmanyan, Chairman & MD of L&T, and Subramanian Sarma, Deputy MD & President of L&T.

Strategic Partnership Evolution

This latest agreement builds on the Joint Development Agreement (JDA) between the two companies signed in July 2025. The partnership has now progressed from joint development to securing long-term demand, reinforcing the collaboration between LTEGL and ITOCHU. The shared vision focuses on establishing a globally competitive green ammonia value chain.

ITOCHU will utilise the green ammonia supplied from Kandla to support its expanding green bunkering applications, aligned with its strategy to develop a global green ammonia ecosystem across key maritime trade routes. Singapore, identified as one of the world's leading marine fuel hubs, is emerging as a critical centre for ammonia bunkering. This initiative represents an important step towards decarbonising the maritime sector and supports the growing adoption of low-carbon fuels in shipping.

Alignment with National Mission

The agreement reinforces LTEGL's strategy to scale its green hydrogen and derivatives platform, positioning Kandla as a strategic export hub for low-carbon fuels. In line with India's National Green Hydrogen Mission, the project supports the country's ambition to become a leading exporter of green energy derivatives. Through this partnership, supplies from Kandla are expected to support ITOCHU's bunkering operations in Singapore and other locations, enabling the early adoption of green ammonia as a next-generation marine fuel.

Leadership Statements

Subramanian Sarma, Deputy Managing Director & President of L&T, stated: "The agreement with ITOCHU is a significant step in translating L&T's clean energy ambitions into large-scale, bankable projects. By securing long-term demand through a reputed global partner like ITOCHU, we are strengthening the commercial foundation of our green ammonia platform, while contributing meaningfully to global decarbonisation."

Hiroyuki Tsubai, Executive Vice President, Member of the Board, and President - Machinery Company at ITOCHU Corporation, commented: "Establishing a reliable and scalable supply of green ammonia is critical to accelerating its adoption as marine fuel. Our partnership with LTEGL provides a strong and credible supply base, enabling us to expand our bunkering business and support the shipping industry's transition towards low-carbon operations."