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IndianOil, L&T and ReNew to form JV

In a bid to enable India’s decarbonisation push, Indian Oil, L&T and ReNew Power announced the signing of a binding term sheet for the formation of a JV to develop the nascent green hydrogen sector in India.

L&T and ReNew announce partnership to focus on green hydrogen business in India

Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India.

L&T concludes the divestment of 99 MW Hydro Power Plant with Renew Power

L&T concluded the divestment of its 100% stake in the 3 x 33 MW (99 MW) hydroelectric power plant at Singoli-Bhatwari in Uttarakhand

L&T signs agreement to divest Singoli-Bhatwari hydroelectric project

Larsen & Toubro, announced the divestment of 100 per cent stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant owned by its subsidiary L&T Uttaranchal Hydropower (LTUHPL) to Renew Power Services, a wholly owned subsidiary of Renew Power. This is in line with the declared L&T focus of divesting non-core assets and improving shareholder value.

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