Larsen & Toubro (L&T) is open to offering minority stakes to global off-takers in its upcoming green hydrogen and ammonia projects in India. The company is currently in talks with international firms that view India as a strategic hub for green hydrogen and ammonia manufacturing.
“We plan to set up green hydrogen and ammonia plants in Kandla and other parts of India. Some companies are interested in co-investing in these plants and holding minority stakes in the entities we establish. If the merit of the case demands a partner who adds value in multiple ways—and that requires a minority stake—we are open to it,” said Derek M. Shah, CEO and Managing Director, L&T Energy GreenTech, in an interview with businessline.
Key Green Hydrogen Projects in Paradip, Kandla, and Panipat
As part of India’s National Green Hydrogen Mission, L&T has announced a hydrogen project at Paradip port in Odisha. In Kandla, the company participated in an auction, securing 500 acres to develop a large-scale green hydrogen and ammonia plant. The project will involve an investment of up to ₹40,000 crore over the next eight years, executed in six phases, with construction expected to begin by mid-2026.
L&T Energy GreenTech will set up India’s largest green hydrogen plant at Indian Oil Corporation’s Panipat Refinery in Haryana. The plant will run entirely on renewable energy—a hybrid of wind and solar—to produce green hydrogen. This hydrogen will be blended with grey hydrogen for refining operations.
Proven Track Record in Green Hydrogen
As reported by thehindubusinessline.com, the Deendayal Port Authority (DPA) at Kandla recently commissioned India’s first Make-in-India 1 MW green hydrogen plant, implemented by L&T. The facility can produce 140 metric tons of green hydrogen annually, showcasing the company’s execution capabilities.
Building India’s Green Hydrogen Manufacturing Ecosystem
Shah noted, “We brought in technology for manufacturing electrolysers and set up our own manufacturing facility. We are the first company to manufacture alkaline electrolysers indigenously in India. The EPC, technology, manufacturing, engineering—every aspect of these plants—will follow a complete Make-in-India process.”
