L&T Expands Green Energy Portfolio: Partnerships in Concentrated Solar Power and Thermal Energy Storage

2 min read   |   Updated on 24 Mar 2025, 01:03 PM
scanxBy ScanX News Team
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Overview

Larsen & Toubro (L&T) is expanding its presence in the green energy sector through two key partnerships. L&T Energy Green Tech Limited has signed an MoU with John Cockerill Energy to explore Concentrated Solar Power and Thermal Energy Storage technologies. The collaboration aims to combine L&T's manufacturing and EPC expertise with John Cockerill's energy transition solutions. L&T is also exploring other green power technologies, including hydrogen production, to support India's transition towards cleaner energy sources.

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

Larsen & Toubro (L&T), a leading Indian multinational conglomerate, is making significant strides in the green energy sector with two strategic partnerships aimed at advancing sustainable energy solutions. The company's recent moves underscore its commitment to expanding its capabilities in renewable energy and energy storage technologies.

Collaboration with John Cockerill Energy

L&T Energy Green Tech Limited (LTEGL), a wholly-owned subsidiary of L&T, has signed a Memorandum of Understanding (MoU) with John Cockerill Energy to explore various technologies in Concentrated Solar Power (CSP) and Thermal Energy Storage (TES). This partnership, announced on March 24, 2025, aims to identify and develop strategic collaboration opportunities in manufacturing, component supply, and engineering solutions critical to the successful implementation and deployment of CSP and TES projects.

Mr. Subramanian Sarma, Whole-time Director & President (Energy) at L&T, emphasized the company's commitment to accelerating the adoption of next-generation green energy technologies. He stated, "Ensuring round-the-clock availability of renewable power is crucial for driving the global energy transition. Our collaboration with John Cockerill marks a significant step in this direction, combining L&T's end-to-end expertise in manufacturing, EPC and services with John Cockerill's global leadership in energy."

Advancing Sustainable Energy Solutions

The partnership between LTEGL and John Cockerill is expected to leverage the strengths of both companies:

  • L&T's Expertise: End-to-end capabilities in manufacturing, EPC (Engineering, Procurement, and Construction), and services.
  • John Cockerill's Experience: Over 200 years in energy and industry, with innovative technological solutions contributing to the energy transition.

Mr. Derek Shah, Sr. Vice President & Head of L&T Energy - Green Mfg. & Development, highlighted the significance of this collaboration, saying, "Partnering with John Cockerill and leveraging its expertise in CSP and TES technology allows us to integrate advanced energy storage solutions with our robust engineering and manufacturing capabilities. By leveraging these synergies, we aim to accelerate the deployment of green RTC power generation, driving the shift towards a greener, more sustainable energy future."

Focus on Green Power Technologies

In addition to the partnership with John Cockerill Energy, L&T is also exploring other avenues in green power technologies. The company has expressed interest in expanding its capabilities in renewable energy and energy storage solutions, potentially focusing on areas such as hydrogen production and other eco-friendly power generation methods.

These strategic moves align with L&T's broader vision of contributing to sustainable development and supporting India's transition towards cleaner energy sources. As global demand for renewable energy solutions continues to grow, L&T's partnerships and investments in green technologies position the company as a key player in the evolving energy landscape.

As these collaborations unfold, stakeholders will be watching closely to see how L&T leverages these partnerships to drive innovation and growth in the renewable energy sector, potentially reshaping the future of energy production and storage in India and beyond.

Historical Stock Returns for Larsen & Toubro

1 Day5 Days1 Month6 Months1 Year5 Years
+0.61%+4.22%+2.33%-9.05%-8.55%+248.09%

L&T Board Approves ₹12,000 Crore Borrowing Plan, Announces Key Leadership Changes

1 min read   |   Updated on 24 Mar 2025, 09:31 AM
scanxBy ScanX News Team
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Overview

Larsen & Toubro (L&T) has approved a ₹12,000 crore long-term borrowing plan. The company also announced key leadership changes, including the appointment of Subramanian Sarma as Deputy Managing Director & President effective April 2, 2025. S. V. Desai and T. Madhava Das were re-appointed as Whole-time Directors. These decisions indicate potential expansion plans and long-term succession strategy for the engineering conglomerate.

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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 made significant announcements following its recent board meeting. The company has approved a substantial borrowing plan and announced important changes to its leadership structure.

₹12,000 Crore Borrowing Plan Approved

In a move that signals potential expansion or refinancing strategies, L&T's board has given the green light to long-term borrowings of up to ₹12,000.00 crore. This decision reflects the company's confidence in its future growth prospects and its ability to leverage its financial position in the market.

Leadership Reshuffling

The board meeting also resulted in key leadership appointments and re-appointments:

New Deputy Managing Director

Subramanian Sarma has been appointed as Deputy Managing Director & President. This appointment is set to take effect from April 2, 2025, indicating L&T's long-term succession planning.

Re-appointment of Whole-time Directors

The board has re-appointed S. V. Desai and T. Madhava Das as Whole-time Directors. This move suggests continuity in the company's executive leadership.

These leadership decisions underscore L&T's commitment to maintaining a strong and experienced management team to guide the company's future endeavors.

Implications for L&T's Future

The approval of the ₹12,000.00 crore borrowing plan could have significant implications for L&T's operations and growth strategy. While the specific purpose of these funds has not been disclosed, such a substantial amount could potentially be used for:

  • Financing large-scale infrastructure projects
  • Expanding into new business verticals
  • Investing in advanced technologies or equipment
  • Refinancing existing debt to optimize the company's financial structure

The leadership changes, particularly the appointment of Subramanian Sarma as Deputy Managing Director & President (effective 2025), suggest that L&T is planning for a smooth transition in its top management over the coming years.

As one of India's largest conglomerates with interests spanning engineering, construction, manufacturing, and technology services, these decisions by L&T are likely to be closely watched by investors and industry observers. The company's moves could have implications across various sectors of the Indian economy where L&T maintains a significant presence.

Shareholders and stakeholders will be keen to see how these decisions translate into L&T's performance and strategic direction in the coming quarters and years.

Historical Stock Returns for Larsen & Toubro

1 Day5 Days1 Month6 Months1 Year5 Years
+0.61%+4.22%+2.33%-9.05%-8.55%+248.09%
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