Larsen & Toubro (L&T) share price is in focus on August 13, after the company’s announcement that its wholly owned subsidiary, L&T Energy GreenTech Ltd (LTEG), has entered into a Joint Development Agreement with Japan’s ITOCHU Corporation for a green ammonia project in Gujarat.
Under the agreement, LTEG and ITOCHU will collaborate to develop and commercialise a 300 KTPA green ammonia facility at Kandla. ITOCHU plans to offtake the product for bunkering applications in Singapore, supporting the maritime industry’s shift towards clean energy and low-carbon fuels.
The project builds on L&T’s earlier acquisition of a sizeable land parcel in Kandla for green hydrogen and ammonia initiatives, aligning with its long-term sustainability goals.
This collaboration reinforces LTEG’s strategic vision to build a strong presence across the green energy value chain while complementing ITOCHU’s initiatives in introducing low-carbon ammonia as a zero-emission marine fuel.
According to L&T’s Deputy Managing Director and President, Subramanian Sarma, the partnership reflects L&T’s larger commitment to innovation, strategic partnerships, and engineering excellence to drive the global clean energy transition.
Mr Hiroyuki Tsubai, Executive Vice President of ITOCHU Corporation, emphasised that partnering with L&T, one of India’s most respected private sector companies, will strengthen efforts to introduce low-carbon ammonia for the maritime sector. The Kandla facility will become the principal production hub for ITOCHU’s bunkering operations in Singapore.
With abundant renewable resources and competitive electricity costs, India is well placed to lead in green hydrogen and derivatives. The National Green Hydrogen Mission targets a production capacity of at least 5 MMTPA by 2030, with investments expected to exceed $100 billion. This initiative aims to foster industrial innovation, create green jobs, and enhance energy security.
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LTEG, part of the $30 billion Larsen & Toubro group, offers integrated solutions across the green hydrogen value chain. Its focus spans Development, Manufacturing, and EPC, leveraging advanced technology, strategic alliances, and dedicated R&D for sustainable energy delivery.
ITOCHU is one of Japan’s leading general trading companies with operations in 61 countries. It is engaged in diverse sectors, including textiles, machinery, metals, energy, chemicals, food, and ICT, with strategic investments both domestically and internationally.
As of 12:04 PM on August 13, 2025, Larsen & Toubro (L&T) share price was trading 0.58% higher.
This partnership marks a significant step in L&T’s clean energy journey, strengthening its role in the green ammonia sector.
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Published on: Aug 13, 2025, 1:14 PM IST
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