L&T, ACWA Power Partner On Yanbu Green Ammonia Project

23 Sep 2025 CW Team

Larsen & Toubro’s Renewables (RENU) vertical has entered into a Memorandum of Understanding with ACWA Power for the Renewables & Grid scope of the Yanbu Green Ammonia Project in Saudi Arabia.

The Yanbu Green Hydrogen Hub is being developed as a fully integrated facility with its own captive renewable electricity generation from solar and wind power. The Renewables & Grid scope includes multiple facilities such as solar PV, wind and battery energy storage plants, supported by substations and transmission lines.

The MoU establishes a collaborative framework to design, configure and achieve performance targets for the Renewables & Grid elements. Larsen & Toubro has also committed to enter into an engineering, procurement, and construction (EPC) contract once the final proposal is approved.

The collaboration leverages L&T’s EPC expertise to ensure seamless integration of renewable technologies, robust project execution, and high standards of safety, sustainability and performance.

Marco Arcelli, Chief Executive Officer of ACWA Power, said: “The rapid pace of development on the Yanbu Green Hydrogen Project demonstrates our commitment to advancing the Kingdom’s role in the global energy transition. By producing and exporting green ammonia, we will aid international markets in decarbonisation and support a cleaner, more sustainable future.”

T Madhava Das, Member of the Board and Senior Executive Vice President (Utilities) at Larsen & Toubro, said: “Saudi Arabia is a leader in clean energy supply and industrial decarbonisation, with strong progress in recent years. Strategically positioned between east and west, the Kingdom offers competitive renewable energy and is developing ultra-mega projects with clear timelines. We are proud to contribute to its ambitions, particularly along the India–Middle East–Europe corridor. This MoU with our esteemed customer ACWA marks a major milestone in our trusted partnership.”

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 ..