L&T and ITOCHU Collaborate to Develop Green Ammonia Project in Gujarat

18 Aug 2025 CW Team

L&T Energy GreenTech Ltd (LTEG), a subsidiary of L&T, has entered into a Joint Development Agreement with Japanese corporation ITOCHU to build and operationalise a 300 KTPA green ammonia plant at Kandla in Gujarat. L&T had acquired the land earlier last year for the development of green hydrogen and ammonia projects. LTEG and ITOCHU will develop the facility together, and ITOCHU will take delivery of the product for bunkering operations in Singapore. India aims to have a green hydrogen production capacity of at least 6 MMTPA by 2030, and this partnership is seen as a significant step in achieving that goal and developing clean energy for use in maritime trade. Subramanian Sarma, Deputy Managing Director & President, L&T, remarked, “L&T remains deeply committed to driving the clean energy transition through innovation, strategic partnerships, and engineering excellence.”

Real Estate

29 Sep 2025

Hiranandani Launches India’s Largest Coastal Township in Alibaug

Hiranandani Communities, led by Dr Niranjan Hiranandani, has launched Hiranandani Sands, India’s largest integrated coastal township, near Mumbai in Alibaug, with an estimated revenue of Rs 170 billion. Spanning 225 acre, the township is designed as Mumbai’s lifestyle extension hub, featuring luxury homes, signature villas, plotted developments, and branded serviced apartments. Residents will have private beachfront access and a jetty, alongside five hotels covering luxury, business, and leisure segments, a mega convention centre, eco-wellness hub, beachside entertainment, and a globa..

TDI City Kundli Relaunched with Rs 1 Billion Redevelopment Plan

TDI Infrastructure has announced a Rs 1 billion investment to redevelop and relaunch the 1,100-acre TDI City Kundli, positioning it as a natural and affordable alternative for residents of North and West Delhi. Situated just 30 minutes from Delhi via the newly operational UER-2, the township currently has around 7,000 plot owners and more than 5,000 apartments.“As part of the redevelopment, we are collaborating with Resident Welfare Associations (RWAs) to upgrade 62 parks across 23 acres, improve internal roads, enhance the existing clubhouse, and commence a new second clubhouse to support r..

India Plans Rs 70 Billion Push for Shipbuilding and Ports

The Indian government is preparing a Rs 70 billion stimulus for the shipping sector, with the Union Cabinet expected to review three major schemes shortly, according to media reports. The initiative reflects India’s efforts to expand shipbuilding, port infrastructure, and maritime trade capacity in the coming years.Shares of leading shipbuilders such as Shipping Corporation of India (SCI), Garden Reach Shipbuilders & Engineers (GRSE), and Mazagon Dock Shipbuilders have already risen on expectations of government support.The plan centres on three key initiatives: a Rs 20 billion Shipbuild..