Larsen & Toubro (L&T), one of India's leading engineering and construction conglomerates, has taken a significant step towards bolstering its presence in the green energy sector. The company's subsidiary, L&T Energy Green Tech Limited, has incorporated a new wholly-owned subsidiary named L&T Green Energy Kandla Private Limited (LTGEK) on April 4, 2025.

New Subsidiary Details

The newly formed LTGEK has been established with an authorized capital of Rs. 1,00,000, comprising 10,000 equity shares of Rs. 10.00 each. L&T Energy Green Tech Limited, along with its nominee shareholder, has fully subscribed to the entire share capital, maintaining 100% ownership of the new entity.

Strategic Focus on Green Hydrogen

LTGEK has been incorporated with a specific focus on the development of green hydrogen and its derivatives, including green ammonia. This move aligns with the global push towards cleaner and more sustainable energy solutions, positioning L&T at the forefront of the green energy transition in India.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, L&T has duly informed the stock exchanges about this development. The company has emphasized that the share subscription was conducted at par value and on an arm's length basis, adhering to proper corporate governance practices.

Implications for L&T's Green Energy Portfolio

The incorporation of LTGEK represents a strategic expansion of L&T's green energy initiatives. By establishing a dedicated subsidiary for green hydrogen and related projects, L&T is positioning itself to capitalize on the growing demand for clean energy solutions and contribute to India's sustainable development goals.

Looking Ahead

While LTGEK is yet to commence its business operations, its formation signals L&T's commitment to diversifying its energy portfolio and embracing future-ready technologies. As the green hydrogen sector gains momentum globally, L&T's proactive approach could potentially open up new avenues for growth and innovation in the renewable energy space.

This development underscores L&T's vision to be a key player in India's evolving energy landscape, as the country strives to reduce its carbon footprint and transition towards more sustainable energy sources.

Larsen & Toubro (L&T), India's leading engineering and construction conglomerate, has recently secured significant contracts, showcasing its strong market position and continued growth in the infrastructure sector.

Large Contract Win

L&T has clinched a large contract valued between ₹2,500.00 crore to ₹5,000.00 crore. While specific details of this contract remain undisclosed, it falls within L&T's classification of 'Large' projects, indicating its substantial scale and potential impact on the company's order book.

Power Transmission & Distribution Business Expansion

In addition to the large contract, L&T's Power Transmission & Distribution (PT&D) vertical has announced multiple new orders both in India and abroad:

Domestic Projects

• Setting up a 765kV Gas Insulated Substation (GIS) in western India
• Turnkey construction of a transmission line for power evacuation in the same region

International Projects

Market Confidence and Infrastructure Investments

These new orders underscore the continued momentum in investments related to efficient grid infrastructure both in India and abroad. They also reflect the strong customer confidence in L&T's capabilities and expertise in executing complex engineering projects.

L&T's success in securing these orders across various geographies demonstrates its strong market position and ability to compete effectively in the global infrastructure sector. The diverse nature of these projects, ranging from domestic high-voltage substations to international transmission lines, highlights L&T's versatility and comprehensive service offerings in the power transmission and distribution domain.

About Larsen & Toubro

As a $27.00 billion Indian multinational enterprise, Larsen & Toubro continues to strengthen its position in EPC Projects, Hi-Tech Manufacturing, and Services across multiple geographies. The company's customer-focused approach and commitment to top-class quality have been key factors in maintaining its leadership in major business lines for over eight decades.

With these new contracts and orders, L&T is poised to further consolidate its position in the infrastructure and energy sectors, contributing to the development of critical power infrastructure in India and the Middle East.