L&T to Establish India's Largest Green Hydrogen Plant at IOCL Panipat Refinery

1 min read     Updated on 21 Jul 2025, 11:52 AM
scanxBy ScanX News Team
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Overview

Larsen & Toubro's green energy arm, LTEG, plans to establish India's largest green hydrogen plant at IOCL's Panipat Refinery. The facility will supply 10,000 tonnes of green hydrogen annually for 25 years, supporting IOCL's decarbonization efforts. The project aligns with India's National Green Hydrogen Mission and will use L&T's indigenously manufactured electrolysers. L&T shares saw a 0.50% increase following the announcement.

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*this image is generated using AI for illustrative purposes only.

Larsen & Toubro (L&T), one of India's leading engineering and construction conglomerates, is set to make a significant leap in the country's green energy sector. The company's green energy solutions arm, L&T Energy GreenTech Ltd (LTEG), has announced plans to establish India's largest green hydrogen plant at Indian Oil Corporation Ltd's (IOCL) Panipat Refinery in Haryana.

Project Details

  • The facility will be developed on a build-own-operate (BOO) basis.
  • It will supply 10,000 tonnes of green hydrogen annually to IOCL for 25 years.
  • The project aims to support sustainability and decarbonize IOCL's refining operations.
  • L&T will produce green hydrogen using high-pressure alkaline electrolysers manufactured at its Hazira, Gujarat facility.

Strategic Importance

This landmark project aligns with the Government of India's National Green Hydrogen Mission and marks a significant milestone in the country's energy transition. The plant will operate around the clock using renewable energy, contributing to IOCL's broader strategy to decarbonize its refining operations and support India's net-zero ambitions.

Market Impact

Following the announcement, L&T shares saw a modest increase of 0.50%. However, it's worth noting that the stock has experienced a 2.60% decline over the past month and is down 5.00% year-to-date.

Leadership Perspectives

Mr. Subramaniam Sarma, Deputy Managing Director & President of L&T, commented on the project: "The decision to set up India's maiden green hydrogen plant validates our strategy to lead the nation's energy transition. This long-term project not only deepens our partnership with IOCL but also reinforces our capability to deliver large-scale clean energy solutions."

Mr. Derek Shah, Head of Green Manufacturing & Development at L&T, added: "This project reflects our end-to-end green energy capabilities — from electrolyser manufacturing to execution and operation. With cutting-edge technology and a skilled team, we are confident of delivering a high-performance, zero-emission plant that sets new industry benchmarks."

Broader Implications

The initiative positions LTEG as a pioneer in India's green hydrogen ecosystem, setting a precedent for industrial-scale adoption across refineries, fertilizer plants, and other hard-to-abate sectors. It also supports India's Aatmanirbhar Bharat (self-reliant India) mission by deploying indigenously manufactured electrolysers, which are central to self-reliant clean-tech solutions and long-term decarbonization goals.

This project not only reinforces L&T's position as a first mover in India's green hydrogen space but also deepens its partnership with IOCL, potentially paving the way for future collaborations in sustainable energy solutions.

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L&T Energy GreenTech to Build India's Largest Green Hydrogen Plant for IOCL

1 min read     Updated on 21 Jul 2025, 10:03 AM
scanxBy ScanX News Team
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Overview

L&T Energy GreenTech Ltd (LTEG), a subsidiary of Larsen & Toubro, will establish India's largest green hydrogen plant at IOCL's Panipat Refinery. The plant will supply 10,000 tonnes of green hydrogen annually for 25 years, operating 24/7 using renewable energy and high-pressure alkaline electrolysers. This project aligns with India's National Green Hydrogen Mission and IOCL's decarbonization strategy, setting a precedent for industrial-scale adoption of green hydrogen across various sectors.

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*this image is generated using AI for illustrative purposes only.

Larsen & Toubro (L&T), one of India's leading engineering and construction conglomerates, has announced a groundbreaking development in the country's green energy sector. L&T Energy GreenTech Ltd (LTEG), a wholly-owned subsidiary of L&T, is set to establish India's largest green hydrogen plant at Indian Oil Corporation Ltd's (IOCL) Panipat Refinery in Haryana.

Project Details

  • The plant will be developed on a build-own-operate (BOO) basis.
  • It will supply 10,000 tonnes of green hydrogen annually to IOCL.
  • The agreement spans 25 years, supporting India's National Green Hydrogen Mission.
  • The facility will operate 24/7 using renewable energy.
  • High-pressure alkaline electrolysers, manufactured at L&T Electrolysers Ltd's facility in Hazira, Gujarat, will be used for green hydrogen production.

Strategic Importance

This initiative marks a significant milestone in India's energy transition and reinforces L&T's position as a leader in delivering sustainable, clean energy infrastructure. The project aligns with IOCL's strategy to decarbonise its refining operations and contribute to India's net-zero ambitions.

Industry Impact

LTEG's pioneering role in this project sets a precedent for industrial-scale adoption of green hydrogen across various sectors, including refineries, fertiliser plants, and other hard-to-abate industries. This development is expected to have far-reaching implications for India's clean energy landscape.

Leadership Statements

Mr. Subramaniam Sarma, Deputy Managing Director & President of L&T, commented on the project: "The decision to set up India's maiden green hydrogen plant validates our strategy to lead the nation's energy transition. This long-term project not only deepens our partnership with IOCL but also reinforces our capability to deliver large-scale clean energy solutions."

Mr. Derek Shah, Head of Green Manufacturing & Development at L&T, added: "This project reflects our end-to-end green energy capabilities — from electrolyser manufacturing to execution and operation. With cutting-edge technology and a skilled team, we are confident of delivering a high-performance, zero-emission plant that sets new industry benchmarks."

Supporting India's Self-Reliance

The initiative also supports India's Aatmanirbhar Bharat (Self-Reliant India) mission by deploying indigenously manufactured electrolysers. This approach is crucial for developing self-reliant clean-tech solutions and achieving long-term decarbonisation goals.

As India continues its push towards sustainable energy solutions, this project by L&T Energy GreenTech stands as a testament to the country's commitment to green hydrogen and its potential to revolutionize the energy sector.

Historical Stock Returns for Larsen & Toubro

1 Day5 Days1 Month6 Months1 Year5 Years
+1.69%+1.03%+3.61%+13.23%+2.70%+281.37%
Larsen & Toubro
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