L&T rises as its arm to establish India’s first largest green hydrogen plant at IOCL’s Panipat Refinery in Haryana

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

21 Jul 2025 Evaluate

Larsen & Toubro is currently trading at Rs. 3485.55, up by 21.45 points or 0.62% from its previous closing of Rs. 3464.10 on the BSE.

The scrip opened at Rs. 3460.15 and has touched a high and low of Rs. 3498.10 and Rs. 3444.40 respectively. So far 27352 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3963.00 on 10-Dec-2024 and a 52 week low of Rs. 2967.65 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 3540.90 and Rs. 3444.40 respectively. The current market cap of the company is Rs. 480344.28 crore.

The Institutions and Non-Institutions held 62.75% and 37.25% respectively.

Larsen & Toubro’s (L&T) wholly-owned subsidiary -- L&T Energy GreenTech (LTEG) is planning to set up India’s first largest green hydrogen plant at Indian Oil Corporation’s (IOCL) Panipat Refinery in Haryana. The plant, to be developed on a build-own-operate (BOO) basis, will supply 10,000 tonnes of green hydrogen annually to IOCL for 25 years, supporting Government of India’s National Green Hydrogen Mission.

The plant will operate round the clock using renewable energy, aligning with IOCL’s broader strategy to decarbonise its refining operations and contribute to India’s net-zero ambitions. It will produce the green hydrogen using high-pressure alkaline electrolysers manufactured at L&T Electrolysers’ state-of-the-art facility in Hazira, Gujarat.

The initiative marks a significant milestone in India’s energy transition and reinforces L&T’s leadership in delivering sustainable, scalable clean energy infrastructure. With this development, LTEG becomes a pioneer in India’s green hydrogen ecosystem, setting a precedent for industrial-scale adoption across refineries, fertiliser plants, and other hard-to-abate sectors.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Larsen & Toubro Share Price

4143.95 -20.20 (-0.49%)

30-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	4143.95
Kalpataru Projects	1369.95
Rail Vikas Nigam	235.95
NCC	148.10
KEC International	521.40
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