L&T Share Price in Focus as Subsidiary Partners with ITOCHU for Green Ammonia Supply

L&T Energy GreenTech Ltd (LTEGL), a subsidiary of Larsen & Toubro, has entered a strategic partnership with Japan's ITOCHU Corporation.  

As per the exchange filings, this collaboration aims to supply 3,00,000 tonnes of green ammonia annually from LTEGL's proposed facility in Kandla, Gujarat. 

Details of the L&T and ITOCHU Partnership 

On April 22, 2026, LTEGL signed a long-term agreement with ITOCHU Corporation. The agreement was formalised by Derek M Shah, CEO & MD of LTEGL, and Hiroyuki Tsubai, EVP of ITOCHU Corporation, at ITOCHU's Tokyo headquarters.  

The partnership builds on a Joint Development Agreement signed in July 2025, marking a significant step towards establishing a competitive green ammonia value chain. 

Strategic Importance of Green Ammonia Supply 

ITOCHU plans to utilise the green ammonia from Kandla to expand its green bunkering applications, aligning with its strategy to develop a global green ammonia ecosystem. 

Singapore, a leading marine fuel hub, is emerging as a critical centre for ammonia bunkering, supporting the decarbonisation of the maritime sector. 

Supporting India's Green Hydrogen Mission 

The agreement aligns with India's National Green Hydrogen Mission, supporting the country's ambition to become a leading exporter of green energy derivatives.  

The Kandla facility is positioned as a strategic export hub for low-carbon fuels, facilitating the early adoption of green ammonia as a marine fuel. 

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Comments from Key Executives 

Subramanian Sarma, Deputy Managing Director & President of L&T, stated that the agreement with ITOCHU is a significant step in realising L&T's clean energy ambitions.  

Hiroyuki Tsubai of ITOCHU highlighted the importance of establishing a reliable supply of green ammonia to support the shipping industry's transition towards low-carbon operations. 

Larsen & Toubro Share Price Performance 

As of April 22, 2026, at 10:16 AM, Larsen & Toubro share price on NSE was trading at ₹4,033.70 down by 1.02% from the previous closing price. 

Conclusion 

The partnership between L&T Energy GreenTech and ITOCHU marks a pivotal development in the green ammonia sector. By securing a long-term supply agreement, both companies are contributing to the global shift towards sustainable energy solutions. 

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