L&T to Invest Rs.48,000 Crore in Green Ammonia Plants

16 Jan 2025 CW Team

Larsen & Toubro (L&T) is set to invest up to Rs 480 billion in establishing six green ammonia manufacturing units at the Deendayal Port Authority in Kandla, Gujarat, as part of its ambitious decade-long capital expenditure plan.

Each of the six units will have a capacity of 300 KTPA (thousand tonnes per annum) and be built in phases, with an investment of up to Rs 80 billion per plant.

Green ammonia, a critical component in decarbonising industrial processes, is in high demand globally as industries strive to meet net-zero emission targets.

The company is also exploring tenders worldwide, with a focus on South East Asia and Europe, to expand its green ammonia export capabilities.

Green ammonia, produced using renewable energy through water electrolysis, offers a cleaner alternative to ammonia derived from natural gas, which emits CO? during production. This innovative process is gaining traction as a sustainable solution across sectors, from fertilizer and pharmaceuticals to fuel for ships and power generation.

In April, L&T acquired nearly 500 acres at Kandla Port to set up its green ammonia manufacturing units, marking the facility as a future export hub. The company has already initiated front-end engineering design (FEED) work for the plant, with a financial investment decision expected within the next year.

L&T’s strategy includes collaboration with McPhy Energy of France to manufacture electrolysers for green hydrogen conversion to green ammonia, further cementing its position in the green energy sector.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..