Indian Oil, L&T, ReNew to form JV to develop green hydrogen business

07 Apr 2022 CW Team

Indian Oil Corporation Ltd (IndianOil), Larsen and Toubro (L and T), and ReNew Power (ReNew) announced the signing of a binding term sheet for the formation of a Joint Venture (JV) business to grow India's embryonic green hydrogen sector in a bid to support the country's decarbonisation efforts.

The three-way partnership is a synergistic partnership that brings together L&T's strong credentials in EPC project design, execution, and delivery, IndianOil's established expertise in petroleum refining and presence across the energy spectrum, and ReNew's expertise in offering and developing utility-scale renewable energy solutions.

IndianOil and Land T have agreed to form a joint venture with equity involvement to manufacture and market electrolysers used in the production of green hydrogen.

SN Subrahmanyan, CEO and MD of Land T, informed about the joint venture, that India plans to rapidly advance in its decarbonisation efforts, and the production of Green Hydrogen is key in this endeavour. The IndianOil-Land T-ReNew JV will concentrate on establishing Green Hydrogen projects in a timely way to supply Green Hydrogen on a large scale.

In February, the central government announced the Green Hydrogen Policy, which aims to increase green hydrogen and green ammonia production to help the country become a global centre for the ecologically benign version of the element.

Nearly 80% of India's hydrogen is expected to be green by 2050, meaning it will be produced using renewable electricity and electrolysis. By 2030, green hydrogen may be the most cost-effective way to produce hydrogen. This might be fueled by cost reductions in major manufacturing technologies as well as clean energy technologies like solar PV and wind turbines.

Image Source

Infrastructure Urban

27 Jun 2026

RR Kabel features in Hurun India 500 list

RR Kabel has been featured in the 2025 Burgundy Private Hurun India 500, a list of India’s 500 most valuable companies. The list is compiled by Burgundy Private, Axis Bank’s private banking business, in partnership with Hurun India.The recognition highlights RR Kabel’s sustained growth, market leadership and long-term value creation in India’s consumer electrical sector. The annual list recognises companies that have contributed to India’s economic landscape through scale, performance and business value.The Burgundy Private Hurun India 500 ranks listed companies based on market capit..

Vedanta ranks among India’s top 100 workplaces

Vedanta Group has been recognised among India’s Top 100 Best Companies to Work For 2026 by Great Place to Work India. The recognition reflects the company’s focus on building a high-trust, high-performance and inclusive workplace across its businesses in natural resources, critical minerals, energy and technology.Over the past five years, Vedanta has enabled nearly Rs 25 billion in employee wealth creation through its broad-based Employee Stock Option programme. The company said the initiative is aimed at encouraging ownership and shared value creation across levels.Vedanta has also built ..

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..