Mumbai: Larsen & Toubro (L&T) is willing to offer minority stakes to global off-takers in its upcoming green hydrogen and ammonia projects in India, according to a top company official, reported The Hindu Businessline.
The engineering giant is in talks with several international firms that see India as a hub for green hydrogen and ammonia production. L&T has announced plans for a project at Paradip Port in Odisha, as part of India’s National Green Hydrogen Mission.
“The plan is to set up green hydrogen and ammonia plants in Kandla and other locations in India. Some companies are interested in co-investing in these plants and taking minority stakes. If a partner brings significant value in multiple ways, we are open to offering them such a stake,” said Derek M Shah, CEO and MD of L&T Energy GreenTech.
At Kandla in Gujarat, the Deendayal Port Authority has already commissioned the country’s first Make-in-India 1 MW green hydrogen plant, built by L&T, which can produce 140 metric tonnes annually. L&T has also secured 500 acres of land in Kandla to develop a green hydrogen and ammonia facility with an investment of up to ₹40,000 crore over eight years, to be completed in six phases. Construction is expected to begin in mid-2026.
In addition, L&T Energy GreenTech will build India’s largest green hydrogen plant at Indian Oil Corporation’s Panipat Refinery in Haryana. The facility will run on renewable energy from a wind-solar hybrid system, producing green hydrogen that will be blended with grey hydrogen for refining operations.
L&T has also developed indigenous technology for manufacturing alkaline electrolysers, becoming the first Indian company to produce them locally. The entire Panipat project — from engineering to manufacturing — will be executed under the Make-in-India initiative.
