Larsen & Toubro (L&T) has incorporated Panipat Green Hydrogen Private Limited, a wholly-owned subsidiary dedicated to green hydrogen. This development aligns with the government’s ongoing efforts to promote green hydrogen through the National Green Hydrogen Mission and pilot projects targeting its use in transportation.
Additionally, in a separate development, Fitch Ratings has affirmed L&T’s long-term foreign and local currency issuer default ratings at ‘BBB+’ with a stable outlook. The rating reflects the company’s strong financial position and operational stability as it diversifies into emerging energy segments.
In June 2025, L&T secured land in Kandla, Gujarat, for green hydrogen and green ammonia projects, underscoring its expansion into low-carbon technologies.
