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L&T Energy GreenTech to Set Up 10,000 TPA Green Hydrogen Plant at Indian Oil’s Panipat Refinery
L&T Energy GreenTech Ltd (LTEG), a subsidiary of Larsen & Toubro, has announced that it will set up India’s largest green hydrogen plant at IOCL’s Panipat Refinery, aiming to supply 10,000 tonnes annually under a 25-year agreement.
July 21, 2025. By Mrinmoy Dey

L&T Energy GreenTech Ltd (LTEG), a wholly-owned subsidiary of Larsen & Toubro (L&T), has announced that the company will 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 company said in a statement.
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.
Commenting on the development, Subramaniam Sarma, Deputy Managing Director and President, L&T, said, “The decision to set up India’s maiden green hydrogen plant validates our strategy to lead the nation’s energy transition. This long-term project not only deepens our partnership with IOCL but also reinforces our capability to deliver large-scale clean energy solutions. As a first mover in India’s green hydrogen space, we are proud to lay the foundation for cleaner industrial processes at scale.”
Derek Shah, Head – Green Manufacturing and Development, L&T, added, “This project reflects our end-to-end green energy capabilities — from electrolyser manufacturing to execution and operation. With cutting-edge technology and a skilled team, we are confident of delivering a high-performance, zero-emission plant that sets new industry benchmarks. The initiative also supports India’s Aatmanirbhar Bharat mission by deploying indigenously manufactured electrolysers — central to self-reliant clean-tech solutions and long-term decarbonisation goals.”
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 company said in a statement.
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.
Commenting on the development, Subramaniam Sarma, Deputy Managing Director and President, L&T, said, “The decision to set up India’s maiden green hydrogen plant validates our strategy to lead the nation’s energy transition. This long-term project not only deepens our partnership with IOCL but also reinforces our capability to deliver large-scale clean energy solutions. As a first mover in India’s green hydrogen space, we are proud to lay the foundation for cleaner industrial processes at scale.”
Derek Shah, Head – Green Manufacturing and Development, L&T, added, “This project reflects our end-to-end green energy capabilities — from electrolyser manufacturing to execution and operation. With cutting-edge technology and a skilled team, we are confident of delivering a high-performance, zero-emission plant that sets new industry benchmarks. The initiative also supports India’s Aatmanirbhar Bharat mission by deploying indigenously manufactured electrolysers — central to self-reliant clean-tech solutions and long-term decarbonisation goals.”
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