L&T, ACWA Ink Pact For Yanbu Green Ammonia Project

25 Sep 2025 CW Team

Larsen & Toubro (L&T) Ltd. has signed a memorandum of understanding (MoU) with ACWA Power for the renewables and grid scope of the Yanbu Green Ammonia Project in Saudi Arabia.

The agreement sets a framework for collaboration on design, configuration, and performance targets for the renewables and grid systems. L&T has committed to enter into an engineering procurement and construction (EPC) contract once the final proposal is approved.

The Yanbu Green Hydrogen Hub will be a fully integrated facility with captive renewable electricity generation powered exclusively by solar and wind energy. Its renewables and grid scope includes solar PV, wind, and battery energy storage system plants, along with substations and transmission lines.

Marco Arcelli, CEO of ACWA Power, said: “By developing and exporting green ammonia, we aim to support international markets in their decarbonisation efforts and pave the way for a cleaner, more sustainable world.”

T Madhava Das, Member of the Board and Senior Executive Vice President (Utilities) at L&T, added that Saudi Arabia’s strategic location, competitive renewable costs, and mega-project approach make it an ideal hub for regional and international integration of clean energy, especially along the India–Middle East–Europe corridor.

Separately, L&T recently secured orders worth up to Rs 150 billion, comprising two ‘large’ and two ‘significant’ contracts. L&T shares were trading 0.1 per cent lower at Rs 3,670.5 apiece on Monday morning, though up 5.4 per cent over the past six months.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..