L&T forms green energy council to drive carbon neutrality
POWER & RENEWABLE ENERGY

L&T forms green energy council to drive carbon neutrality

L&T stated that it had constituted a four-member think-tank called the L&T Green Energy Council, consisting of global leaders. They mentioned that the council would strengthen their commitment to achieving carbon neutrality by 2040 and would be responsible for identifying technology trends in green energy, analysing evolving global policy developments, evaluating emerging business models, and providing advice on collaborations.

The CEO and Managing Director of L&T, SN Subrahmanyan, stated that the council would serve as a powerhouse of expertise and strategic guidance as they strengthened their commitment to building a world-class green energy business.

According to Subramanian Sarma, Senior Executive Vice President (Energy) of L&T, all four members were well-acquainted with the green energy sector, having delegated and chaired organizations such as the European Solar Manufacturing Council and International Energy Agency.

L&T, the $23 billion Indian multinational firm, had set a target of achieving carbon neutrality by 2040 and had already initiated investments in green hydrogen project development/EPC, electrolyzer manufacturing, and battery cell manufacturing.

The L&T scrip had ended at Rs 2223.90, up 0.27 per cent on the BSE on Monday, while the benchmark Sensex had ended 0.55 per cent higher.

Also Read
BPCL partners BARC to scale up green hydrogen production
Tesla, Mitsubishi, Ola Electric eye India's lithium reserves


L&T stated that it had constituted a four-member think-tank called the L&T Green Energy Council, consisting of global leaders. They mentioned that the council would strengthen their commitment to achieving carbon neutrality by 2040 and would be responsible for identifying technology trends in green energy, analysing evolving global policy developments, evaluating emerging business models, and providing advice on collaborations. The CEO and Managing Director of L&T, SN Subrahmanyan, stated that the council would serve as a powerhouse of expertise and strategic guidance as they strengthened their commitment to building a world-class green energy business. According to Subramanian Sarma, Senior Executive Vice President (Energy) of L&T, all four members were well-acquainted with the green energy sector, having delegated and chaired organizations such as the European Solar Manufacturing Council and International Energy Agency. L&T, the $23 billion Indian multinational firm, had set a target of achieving carbon neutrality by 2040 and had already initiated investments in green hydrogen project development/EPC, electrolyzer manufacturing, and battery cell manufacturing. The L&T scrip had ended at Rs 2223.90, up 0.27 per cent on the BSE on Monday, while the benchmark Sensex had ended 0.55 per cent higher. Also Read BPCL partners BARC to scale up green hydrogen productionTesla, Mitsubishi, Ola Electric eye India's lithium reserves

Next Story
Infrastructure Transport

Warangal Airport Project on Track for Timely Completion

Telangana has consistently experienced rapid growth since its formation, with a notable 70% increase in economic output over the past decade, driven primarily by the services sector concentrated around Hyderabad. However, regional disparities have led to uneven development across districts. In an effort to address this imbalance, the Telangana government has earmarked Rs 205 crore for the construction of an airport at Mamnoor, near Warangal. This will be the state's second airport, as it currently only has one, while neighboring Andhra Pradesh has more. The airport, capable of handling aircraf..

Next Story
Infrastructure Urban

Belrise Industries Plans Rs 2,150 Crore IPO to Reduce Debt

Indian automotive component manufacturer Belrise Industries has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise Rs 2,150 crore through an initial public offering (IPO). The offering will be entirely a fresh issue of shares, with no offer for sale (OFS) component. The company is also considering a pre-IPO placement of up to Rs 430 crore, which could reduce the final size of the issue. Belrise plans to utilize Rs1,618 crore of the IPO proceeds to pay off its debt, which stood at Rs 2,463 crore as of June 2024. With a robust presence ..

Next Story
Infrastructure Energy

Sarda Energy and SM Steels Secure Coal Mines in Latest Auction

Sarda Energy and Minerals Ltd and S M Steels and Power Ltd were successful in securing coal blocks on the second day of the 10th round of commercial coal mine auctions. Sarda Energy won a coal mine in Chhattisgarh with geological reserves of 102.268 million tonnes, while S M Steels and Power secured a block in Jharkhand with 77.9 million tonnes of reserves. These two blocks are expected to generate an annual revenue of Rs 339.06 crore once operational, with a capital investment of Rs 315 crore and employment for 2,839 people. The ongoing auction features nine blocks in total. On the first day ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000