Larsen & Toubro (L&T), a leading Indian multinational conglomerate, has taken a significant step towards advancing renewable energy and green hydrogen production in Saudi Arabia. The company's Renewables (RENU) vertical has entered into a Memorandum of Understanding (MOU) with ACWA Power for the development of renewable energy infrastructure and grid systems at the Yanbu Green Hydrogen Hub.

Project Overview

The Yanbu Green Hydrogen Hub is conceived as a fully integrated facility, designed to produce green ammonia using captive renewable electricity generation. The project's scope encompasses multiple renewable energy facilities, including:

• Solar PV plants
• Wind farms
• Battery Energy Storage Systems
• Associated substations and transmission lines

Collaborative Framework

The MOU establishes a collaborative framework between L&T and ACWA Power to:

1. Design and optimize the configuration of the renewables and grid scope
2. Achieve performance targets for the project
3. Potentially enter into an EPC (Engineering, Procurement, and Construction) contract once the final proposal is accepted

Strategic Importance

This partnership aligns with Saudi Arabia's vision to become a leader in clean energy and industrial decarbonization. The project is expected to play a crucial role in:

• Supporting the Kingdom's leadership in global energy transition
• Developing and exporting green ammonia
• Assisting international markets in their decarbonization efforts

Executive Insights

Marco Arcelli, Chief Executive Officer at ACWA Power, emphasized the project's significance: "The rapid pace of development on the Yanbu Green Hydrogen Project is a clear demonstration of our commitment to supporting the Kingdom's leadership role in the global energy transition."

T Madhava Das, Member of the Board and Senior Executive Vice President (Utilities) at Larsen & Toubro, highlighted the strategic importance of the partnership: "Saudi Arabia is a key leader in supply of clean energy and industrial decarbonization. We are happy to contribute to its ambitions of promoting regional and international integration of clean energy, especially along the India – Middle East – Europe economic corridor."

L&T's Role and Expertise

L&T brings to the table its proven EPC capabilities, ensuring:

• Optimal integration of diverse renewable technologies
• Robust project delivery
• Enhanced safety, quality, and sustainability standards
• Improved performance benchmarks

This collaboration marks a significant milestone in L&T's journey of trusted partnership in the renewable energy sector and reinforces its commitment to sustainable development on a global scale.

As the project progresses, it is expected to contribute significantly to the advancement of green energy solutions and support international efforts in achieving decarbonization goals.

Larsen & Toubro (L&T), India's leading engineering and construction conglomerate, has clinched a significant contract valued between ₹1,000.00 crore to ₹2,500.00 crore, reinforcing its strong market position in the infrastructure sector.

Contract Details

The company announced the contract win, which falls within their defined range for a 'significant' project. While specific details about the nature of the contract remain undisclosed, L&T classifies contracts in the range of ₹1,000.00 crore to ₹2,500.00 crore as 'significant' according to their project classification system.

Recent Business Activities

This latest contract adds to L&T's growing order book. According to recent company disclosures, L&T has been securing multiple orders across various segments:

Construction Equipment Business

• Received long-term after-sales support orders from major coal and cement producers in India for Komatsu mining equipment.
• Secured extensions of several maintenance contracts, leveraging their reputation for high-quality service support.

Rubber Processing Machinery

• Won multiple orders from leading tyre manufacturers in India.
• Scope includes design and manufacture of tyre curing presses and tyre building machines for various vehicle segments.

L&T Valves

• Secured multiple orders for polyvinyl chloride (PVC) and chlorinated polyvinyl chloride (CPVC) projects from major domestic companies.
• Awarded contracts by leading EPC companies in Saudi Arabia, showcasing international recognition.

Company Overview

Larsen & Toubro is a $30.00 billion Indian multinational company engaged in EPC Projects, Hi-Tech Manufacturing, and Services. With a strong customer-focused approach and a constant quest for top-class quality, L&T has maintained leadership in its major lines of business for eight decades.

The recent contract win and ongoing order inflows across various business units underscore L&T's robust engineering capabilities and its reputation as a trusted partner for both domestic and international clients. As the company continues to secure significant projects, it further solidifies its position in the global infrastructure and engineering landscape.