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L&T raises Rs 5 billion via India’s first ESG bonds, wins USD 50 million contract

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Larsen & Toubro (L&T) has raised Rs 5 billion through India’s first environmental, social, and governance (ESG) bonds. The funds were mobilised via non-convertible debentures (NCDs) at a 6.35% coupon rate with a three-year maturity. The bonds were listed on the National Stock Exchange (NSE) and issued under the Securities and Exchange Board of India’s (SEBI) new ESG and sustainability-linked bond framework. HSBC served as the sole lead arranger for the issuance. As part of…

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L&T secures land in Kandla for green hydrogen project

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Larsen & Toubro (L&T) has secured land in Kandla, Gujarat, for setting up green hydrogen and green ammonia production facilities.  The initiative will be developed through L&T Green Energy Kandla Private Limited, a new entity incorporated in April 2025, under its wholly-owned subsidiary, L&T Energy Green Tech Limited. The company will focus on producing green hydrogen and its derivatives, such as green ammonia. Located close to Gujarat’s industrial zones and ports, the Kandla site offers…

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L&T secures transmission orders in India and Middle East

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Larsen & Toubro’s Power Transmission & Distribution (PT&D) business has won grid infrastructure orders in both domestic and international markets. In India, L&T has been awarded a contract to construct 765kV and 400kV transmission lines in Andhra Pradesh. These lines are critical for integrating a renewable energy zone (REZ) into the national grid. Internationally, the company has secured turnkey orders for 220kV and 132kV gas-insulated substations in the Middle East. These contracts come from major…

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L&T Energy to build 10 KTPA green hydrogen plant for IOCL

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L&T Energy GreenTech Limited (LTEGL) has won Indian Oil Corporation Limited’s (IOCL) tender to develop a 10 kilo tonnes per annum (KTPA) green hydrogen facility at the Panipat refinery petrochemical complex in Haryana. The plant will be built on a build-own-operate basis. LTEGL secured the entire capacity at a discovered tariff of Rs 397 per kg. The tender was floated in April 2024, with bids also received from ReNew E Fuels and NTPC Renewable Energy…

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L&T emerges as lowest bidder for reactor and turbine works at Kudankulam 5 & 6

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Larsen & Toubro Limited (L&T) has emerged as the lowest bidder (L1) for erection works at the Kudankulam Nuclear Power Plant Units 5 and 6. L&T quoted Rs 13.14 billion for the contract invited by Nuclear Power Corporation of India Limited (NPCIL) in April 2024. The scope includes erection of nuclear reactor systems and turbine systems. It covers equipment such as generators, condensers, sea water systems, cranes, and other associated systems. The work also involves…

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L&T sets up new subsidiary for green hydrogen business

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Larsen & Toubro (L&T) has incorporated L&T Green Energy Kandla Private Limited through its wholly-owned unit, L&T Energy Green Tech Limited. The company was officially registered on April 4, 2025. The new entity will focus on the development of green hydrogen and its derivatives, including green ammonia. It will also undertake related business activities as part of L&T’s strategy to scale up its presence in the green hydrogen sector. Earlier this week, the company’s Heavy…

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L&T and John Cockerill partner to explore solar power and energy storage

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L&T Energy Green Tech Limited (LTEGL), a subsidiary of Larsen & Toubro (L&T), has signed a Memorandum of Understanding (MoU) with Belgium-based John Cockerill Energy.  The agreement, signed on March 24, 2025, focuses on developing technologies in Concentrated Solar Power (CSP) and Thermal Energy Storage (TES). LTEGL is committed to advancing sustainable energy solutions, including Green Hydrogen and electrolyser manufacturing. The company operates on three key pillars—Development, Manufacturing, and Engineering, Procurement, and Construction (EPC)—to deliver…

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L&T secures main plant package contract for NTPC’s Nabinagar project

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Larsen & Toubro Limited (L&T) has secured a contract from NTPC Limited for the supply and installation of the main plant package, including the boiler and turbine, for the 3×800 MW Nabinagar Coal-Based Thermal Power Project Stage II. Nabinagar Power Generation Company Private Limited (NPGCL), a joint venture between NTPC and Bihar State Power Generation Company Limited (BSPGCL), has proposed Stage II of the project with a total capacity of 2,400 MW in the Aurangabad…

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GE Vernova and L&T secure major power transmission orders

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GE Vernova T&D India Ltd has secured orders worth approximately Rs 5 billion from Power Grid Corporation of India Ltd (PGCIL) for the supply and installation of 765kV-class transformers and reactors under bulk procurement. The company will execute the orders within 36 months, according to a regulatory filing. Meanwhile, Larsen & Toubro’s (L&T) power transmission and distribution vertical has won multiple domestic and international contracts. In India, L&T will implement 765kV and 400kV transmission lines…

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L&T dispatches third steam generator for Kaiga nuclear plant expansion

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Larsen & Toubro Limited (L&T) has dispatched the third steam generator for the 1,400 MW Kaiga-Units 5 and 6 Nuclear Power Plant Project in Uttara Kannada, Karnataka. The project is being implemented by Nuclear Power Corporation of India Limited (NPCIL) as Phase III of the Kaiga facility. L&T had previously dispatched the second steam generator on July 12, 2024.  Phase I, comprising Units 1 and 2 (2×220 MW), and Phase II, consisting of Units 3…