Latest news with #SubramaniamSarma
Business Standard
21-07-2025
- Business
- Business Standard
L&T's subsidiary to set-up green hydrogen plant at IOCL's facility in Haryana
Larsen & Toubro said that its wholly-owned subsidiary L&T Energy GreenTech (LTEG) will set up India's first largest green hydrogen plant at Indian Oil Corporation Ltd's (IOCL) Panipat Refinery in Haryana. The plant, to be developed on a build-own-operate (BOO) basis, will supply 10,000 tonnes of green hydrogen annually to IOCL for 25 years. The plant will operate round the clock using renewable energy. It will produce the green hydrogen using high-pressure alkaline electrolysers manufactured at L&T Electrolysers facility in Hazira, Gujarat. Subramaniam Sarma, deputy managing director & president, L&T, said: The decision to set up Indias maiden green hydrogen plant validates our strategy to lead the nations energy transition. This long-term project not only deepens our partnership with IOCL but also reinforces our capability to deliver large-scale clean energy solutions. As a first mover in Indias green hydrogen space, we are proud to lay the foundation for cleaner industrial processes at scale." Larsen & Toubro (L&T) is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a consolidated profit after tax of Rs 5,497 crore in Q4 March 2025, reflecting a year-on-year growth of 25%. Consolidated revenue for the quarter stood at Rs 74,392 crore, marking a year-on-year increase of 11%. The scrip advanced 0.96% to currently trade at Rs 3497.20 on the BSE.
Time of India
21-07-2025
- Business
- Time of India
L&T to set up India's largest green hydrogen plant at IOCL Panipat Refinery
Infrastructure major Larsen & Toubro (L&T) on Monday said its arm will set up the nation's largest green hydrogen plant at Indian Oil Corporation 's Panipat Refinery in Haryana . The plant, to be set up by Larsen & Toubro's wholly-owned arm L&T Energy GreenTech Ltd, will supply 10,000 tonnes of green hydrogen per year to Indian Oil Corporation Ltd (IOCL) for 25 years, supporting the Centre's National Green Hydrogen Mission . The plant, being developed under a build-own-operate model, will operate round the clock using green energy, aligning with IOCL's broader strategy to decarbonise its refining operations and contribute to the nation's net zero goals. "The decision to set up India's maiden green hydrogen plant validates our strategy to lead the nation's energy transition . This long-term project not only deepens our partnership with IOCL but also reinforces our capability to deliver large-scale clean energy solutions ," L&T Deputy Managing Director & President Subramaniam Sarma said.
&w=3840&q=100)
Business Standard
21-07-2025
- Business
- Business Standard
L&T to set up India's largest green hydrogen plant at IOCL Panipat
L&T Energy GreenTech (LTEG), a wholly owned subsidiary of Larsen & Toubro (L&T), will set up India's largest green hydrogen plant at Indian Oil Corporation's (IOCL's) Panipat refinery in Haryana, according to a company filing on Monday. The plant will be developed on a build-own-operate (BOO) basis and will supply 10,000 tonnes of green hydrogen annually to IOCL for 25 years. The project aligns with the Centre's National Green Hydrogen Mission and aims to significantly reduce carbon emissions from IOCL's refining operations. Powered by renewables and indigenously built tech Subramaniam Sarma, deputy managing director and president of L&T, said the development validates the group's strategy to lead India's energy transition. 'This long-term project not only deepens our partnership with IOCL but also reinforces our capability to deliver large-scale clean energy solutions. As a first mover in India's green hydrogen space, we are proud to lay the foundation for cleaner industrial processes at scale,' he said. Derek Shah, Head of Green Manufacturing & Development at L&T, said the project showcases the company's end-to-end green energy capabilities. He added that L&T aims to deliver a high-efficiency, zero-emission plant that advances the Aatmanirbhar Bharat mission by deploying indigenously manufactured electrolysers.
Business Upturn
21-07-2025
- Business
- Business Upturn
L&T's Green Energy arm to establish India's largest green hydrogen plant for IOCL in Panipat
Larsen & Toubro's green energy arm, L&T Energy GreenTech Ltd (LTEG), is set to build India's largest green hydrogen plant at Indian Oil's Panipat Refinery in Haryana. The project will be developed on a build-own-operate (BOO) model and will supply 10,000 tonnes of green hydrogen annually to IOCL for the next 25 years. The plant will run entirely on renewable energy and support the Government of India's National Green Hydrogen Mission. Hydrogen will be produced using advanced high-pressure alkaline electrolysers, made by L&T Electrolysers at their Hazira facility in Gujarat. Subramaniam Sarma, Deputy Managing Director & President, L&T, stated, 'The decision to set up India's maiden green hydrogen plant validates our strategy to lead the nation's energy transition. This long-term project not only deepens our partnership with IOCL but also reinforces our capability to deliver large-scale clean energy solutions. As a first mover in India's green hydrogen space, we are proud to lay the foundation for cleaner industrial processes at scale.' This marks a major step in India's green energy shift, and positions L&T at the forefront of clean, large-scale hydrogen infrastructure. The move also supports IOCL's strategy to cut carbon emissions from its refinery operations and contributes to India's broader net-zero goals. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
21-07-2025
- Business
- Time of India
L&T Energy GreenTech to set up India's largest green hydrogen plant for Indian Oil refinery
L&T Energy GreenTech Ltd will set up India's largest green hydrogen plant at Indian Oil Corporation Ltd 's ( IOCL ) Panipat Refinery in Haryana, the company announced on Monday. The plant will operate 24/7 using renewable energy , supporting IOCS's strategy to decarbonise its refining operations and contribute to country's net-zero ambitions. Explore courses from Top Institutes in Select a Course Category Others Product Management Data Science PGDM Project Management Management Digital Marketing Design Thinking Operations Management Degree others MBA Finance Artificial Intelligence Public Policy Data Science healthcare MCA Healthcare Cybersecurity Data Analytics CXO Leadership Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details The green hydrogen plant will be developed on a build-own-operate (BOO) basis. It will supply 10,000 tonnes of green hydrogen annually to IOCL for 25 years, supporting Government of India's National Green Hydrogen Mission. The plant will produce green hydrogen using high-pressure alkaline electrolysers manufactured at L&T Electrolysers Ltd's facility in Hazira, Gujarat, as per company release. Live Events The initiative marks a significant milestone in India's energy transition and reinforces L&T's leadership in delivering sustainable, scalable clean energy infrastructure, the company said. 'The decision to set up India's maiden green hydrogen plant validates our strategy to lead the nation's energy transition. This long-term project not only deepens our partnership with IOCL but also reinforces our capability to deliver large-scale clean energy solutions. As a first mover in India's green hydrogen space, we are proud to lay the foundation for cleaner industrial processes at scale," said Subramaniam Sarma, Deputy Managing Director & President, L&T. "This project reflects our end-to-end green energy capabilities — from electrolyser manufacturing to execution and operation," Derek Shah, Head – Green Manufacturing & Development, L&T added. LTEG is a wholly-owned subsidiary of Larsen & Toubro (L&T). Shares of Larsen & Toubro Ltd. were trading at Rs 3490.80 per unit with an increase of 0.77% on BSE at 10:52 AM on Monday.
