L&T Share Price Climbs as L&T Energy GreenTech to Build India’s Largest Green Hydrogen Plant

In a landmark move aligned with India’s energy transition goals, L&T Energy GreenTech Ltd (LTEG), a wholly owned subsidiary of Larsen & Toubro (L&T), has unveiled plans to build the country’s first and largest green hydrogen plant. 

This initiative will be developed at Indian Oil Corporation’s Panipat refinery in Haryana and marks a pivotal step toward clean industrial processes and decarbonisation.

India’s Largest Green Hydrogen Plant To Be Developed 

L&T Energy GreenTech will build and operate the hydrogen facility under a long-term 25-year contract, supplying 10,000 tonnes of green hydrogen annually to IOCL. The project will be executed on a build-own-operate model, supporting the Government of India’s National Green Hydrogen Mission.

Plant To Operate Using Round-The-Clock Renewable Energy

The green hydrogen plant will operate continuously using renewable energy, aligning with IOCL’s decarbonisation strategy. By adopting this approach, the initiative contributes directly to India’s net-zero ambitions, ensuring cleaner refining processes.

High-Pressure Electrolysers To Be Manufactured 

The green hydrogen will be produced using high-pressure alkaline electrolysers manufactured at L&T Electrolysers Ltd’s facility in Hazira, Gujarat. This move underscores L&T’s commitment to indigenous manufacturing and the government’s Aatmanirbhar Bharat vision.

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Leadership Commentary Highlights Strategic Vision

Subramaniam Sarma, Deputy Managing Director and President at L&T, stated that this project reaffirms L&T’s leadership in India’s energy transition. He noted that the development strengthens their partnership with IOCL while showcasing L&T’s capability to deliver large-scale clean energy infrastructure.

Derek Shah, Head of Green Manufacturing & Development at L&T, highlighted the end-to-end capabilities being brought to the table from electrolyser production to plant execution and operations. He also emphasised the role of Indian-made technology in achieving long-term decarbonisation.

About L&T Energy GreenTech

L&T Energy GreenTech is dedicated to sustainable energy solutions, specialising in green hydrogen, its derivatives, and electrolyser manufacturing. With a presence across development, manufacturing, and EPC, the company offers integrated solutions through technology, partnerships, and research.

L&T Share Price Performance 

On July 21, 2025, at 11:36 AM, L&T share price was trading at ₹3,487.60, a 0.66% increase. 

Conclusion 

This project positions LTEG as a first mover in India’s green hydrogen ecosystem, with the potential to influence adoption across sectors such as fertilisers, refineries, and other hard-to-abate industries. It sets a benchmark for future clean-tech initiatives and adds to India’s momentum toward sustainable industrial growth.

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