Rs 5,64,223 Crore Order Book: Civil Construction Company Secures 25-Year BOO Order to Build India’s First 10,000-Tonne Green Hydrogen Plant at IOCL Panipat
DSIJ Intelligence-2Categories: Mindshare, Trending
Over the past three months, the stock has gained 6.38 per cent, while delivering multibagger returns of 275 per cent over the last five years.
Larsen & Toubro (L&T) shares traded higher on Monday, July 21, after the company announced its first and largest green hydrogen project in India. L&T Energy GreenTech Ltd (LTEG), a wholly-owned subsidiary, has received the order to build, own and operate (BOO) a 10,000-tonne-per-year green hydrogen plant at Indian Oil Corporation Ltd’s (IOCL) Panipat Refinery in Haryana. The project will run for 25 years, supplying green hydrogen to IOCL under a long-term arrangement that supports the National Green Hydrogen Mission.
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Project Highlights
The facility is designed for continuous 24-hour operations using renewable energy. Green hydrogen will be produced through high-pressure alkaline electrolysers manufactured at L&T Electrolysers Ltd’s Hazira, Gujarat facility. The project aligns with IOCL’s plan to decarbonise refining operations and India’s ambition to achieve net-zero emissions. By utilising indigenously manufactured equipment, the project advances the 'Aatmanirbhar Bharat' mission and supports industrial-scale clean-tech deployment across refineries, fertiliser plants and other heavy industries.
This milestone strengthens L&T’s position in India’s green energy ecosystem and demonstrates its capacity to deliver integrated solutions, including electrolyser production, project execution and operational management. It also reinforces the company’s partnership with IOCL and showcases its growing role in large-scale clean energy infrastructure. With India’s energy transition accelerating, the move positions LTEG as a key player in the green hydrogen sector.
L&T Share Price Performance
On July 21, L&T shares rose 0.91 per cent intraday, trading at Rs 3,483.80 at 11:13 am IST, marking a 0.55 per cent increase from the previous close. Over the past three months, the stock has gained 6.38 per cent, while delivering multibagger returns of 275 per cent over the last five years.
About the Company
Larsen & Toubro (L&T) is a massive Indian conglomerate with its fingers in many pies. Their core business is engineering, procurement and construction (EPC) solutions across various sectors like infrastructure, power, hydrocarbon (oil & gas) and defence. They also manufacture custom-designed machinery for these industries and even have a real estate arm. L&T is a major player in IT services through subsidiaries like L&T Infotech and Mindtree and provides financial services like rural and housing finance through L&T Finance Holdings. They even handle development projects involving infrastructure, toll management and power generation.
Disclaimer: The article is for informational purposes only and not investment advice.