Will L&T’s green hydrogen gambit pay off?

The engineering giant has taken the lead in a nascent sector where the challenges posed by costs, technology and scope of use remain stiff.

Larsen & Toubro has jumped ahead of rivals like Reliance Industries and the Adani group in the race to produce green hydrogen in India.

On 1 March, the engineering giant announced that it has commissioned the country’s first indigenously manufactured hydrogen electrolyser. Part of its upcoming gigafactory in Hazira, Gujarat, it is the first of many that will be manufactured there and used to produce green hydrogen, long touted as the holy grail by those looking for a replacement to fossil fuels.

Straight off the bat, the development is an important milestone in India’s attempts to push green hydrogen. The …

Author

Azman Usmani

Azman writes on climate change, ESG, and how a warming world impacts businesses and people alike. Prior to The Morning Context, he led climate coverage at BloombergQuint, where he started his career as a desk writer.

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azman@mailtmc.com

Mumbai