Larsen & Toubro Ltd. plans to invest as much as $12 billion over the next five years, a third of which will go toward expanding its clean energy business.
The company intends to build 2-3 million tonnes of green hydrogen and ammonia capacity with an investment of close to $4 billion. L&T has approached some coastal states in India to acquire 500-1,000 acres of land for hydrogen facilities, This was disclosed by Chief Executive Officer SN Subrahmanyan, who will take charge as group chairman in October when veteran AM Naik retires
Tags: Ammonia, Green Energy, Hydrogen, India, L&T
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