India’s green hydrogen sector is gaining international attention, with Larsen & Toubro (L&T) signaling readiness to offer minority stakes to global off-takers in its planned hydrogen and ammonia projects.
The engineering major is in discussions with foreign firms positioning India as a future export hub under the National Green Hydrogen Mission. Derek M Shah, CEO and MD of L&T Energy GreenTech, confirmed that potential partners could secure equity if they bring “significant value” across multiple aspects of the projects. The company’s portfolio spans strategic sites, including Paradip Port in Odisha and Kandla in Gujarat, where it has acquired 500 acres for a phased, ₹40,000 crore green hydrogen and ammonia complex targeted for completion over eight years.
The Kandla initiative builds on L&T’s commissioning of the country’s first Make-in-India 1 MW green hydrogen plant at the port, capable of producing 140 metric tones annually. This plant sets a precedent for domestic capacity-building, but scaling to commercial volumes will demand heavy capital, renewable power integration, and competitive pricing against global suppliers.
Construction of the larger Kandla facility is slated to begin by mid-2026, aligning with India’s export-oriented hydrogen ambitions, particularly towards markets in Europe and East Asia seeking secure low-carbon fuel sources.
Beyond coastal infrastructure, L&T is advancing inland production with India’s largest green hydrogen facility at Indian Oil Corporation’s Panipat Refinery in Haryana. Powered by a wind-solar hybrid system, the plant will blend green hydrogen with existing grey hydrogen streams in refining operations. Crucially, L&T has developed indigenous alkaline electrolyzer technology, making it the first Indian firm to produce them domestically. This localization could lower costs, reduce import dependency, and position L&T as a competitive supplier in both domestic and export markets.
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