Engineering powerhouse Larsen & Toubro (L&T) has launched a new subsidiary, L&T Green Energy Kandla Private Limited (LTGEK), to expand its footprint in the green hydrogen and its derivatives market.
The step-down subsidiary has been established under L&T Energy Green Tech Limited, a wholly-owned arm of L&T. According to a stock exchange filing, LTGEK has a total authorized and subscribed capital of ₹1 lakh, divided into 10,000 equity shares valued at ₹10 each.
While LTGEK has yet to begin operations, the company will focus on developing green hydrogen and its derivatives, such as green ammonia. L&T noted that this initiative is part of its broader strategy to promote clean energy solutions.
As LTGEK is a wholly-owned step-down subsidiary, the investment is classified as a related party transaction but was conducted at arm’s length, as per L&T’s regulatory filing. No government or regulatory approvals were required for its formation.
This move is part of L&T’s ongoing efforts to strengthen its presence in the renewable energy sector, particularly in the green hydrogen space, where demand is expected to rise due to global decarbonization initiatives.
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