Larsen & Toubro (L&T) is open to offering a minority stake to a global off-taker for its green hydrogen and ammonia projects in India, a top official said.
The company is in discussions with global firms that see India as a hub of green hydrogen ammonia manufacturing. It has announced plans for a hydrogen project at Paradip port in Odisha as part of the country’s broader National Green Hydrogen Mission.
“The plan is to set up green hydrogen and ammonia plants in Kandla and other parts of India. Some companies are interested in co-investing in these plants, wherein they would like to hold minority stakes in the entities we establish in India. If the merit of the case demands that there is a partner who brings in value in many different ways, and that requires a minority stake to be given to the global off-taker, we would be open to that,” Derek M Shah, Chief Executive Officer and Managing Director, L&T Energy GreenTech, told businessline.
