Sustainable Business

L&T, Goldman-backed ReNew tie up for green hydrogen projects in India

1 minute read

A man walks past the Larsen and Toubro (L&T) head office in Mumbai, India, September 2, 2021. REUTERS/Francis Mascarenhas

NEW DELHI, Dec 2 (Reuters) - Indian engineering conglomerate Larsen & Toubro (LART.NS) said on Thursday it will jointly own and operate green hydrogen projects with Goldman Sachs-backed green energy producer ReNew Power.

The partnership between L&T and the renewable energy company is the latest big-ticket entry into the green hydrogen production space in India, following announcements of ambitious plans by Mukesh Ambani and Gautam Adani, two of Asia's richest men.

Register now for FREE unlimited access to
Reporting by Sudarshan Varadhan; Editing by Muralikumar Anantharaman

Our Standards: The Thomson Reuters Trust Principles.

More from Reuters