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India: L&T to Invest $2.5bn Across Green Energy Value Chain

Larsen & Toubro (L&T) is committed to work across the green energy value chain. The company plans make an investment up to USD 2.5 billion over the next three to four years.

 

L&T is planning to achieve water and carbon neutrality by 2035 and 2040, respectively.

 

The company which plans to move in the clean energy space in a big way aims to enter into manufacturing of key technological equipment which could be electrolyzers, advanced cell batteries and fuel cells, among others.

 

The company plans to make a foray into large-scale EPC projects in the green energy sector.

 

The Indian Oil Corporation, L&T and ReNew Power have agreed to form a joint venture company to develop green hydrogen projects across the country and capitalize on the government's ambitious plans for this sector.

 

Moreover, the company's hydrocarbon business is developing a part of the team to focus on the emerging business opportunities in offshore wind farms.

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