New Delhi, June 17 (PTI) Larsen & Toubro (L&T) on Tuesday said it has secured a land in Kandla, Gujarat for development of green hydrogen and green ammonia projects.

The government is actively promoting green hydrogen as a clean energy source, with initiatives like National Green Hydrogen Mission and pilot projects focused on its use in transportation.

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Addressing the shareholders, company's Chairman & Managing Director S N Subrahmanyan said L&T has made significant advances in emerging clean energy segments, particularly green hydrogen and small modular reactors (SMRs).

Electrolyser manufacturing is already in progress, giving the company a first-mover advantage in Green Hydrogen, he said.

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"A landmark development was the regulatory approval from US Department of Energy for the transfer of SMR technology to India. With L&T figuring among the only three eligible Indian companies for this, this signals the formal start of our SMR journey empowering us to lead the commercialisation of nuclear energy in the country.

Although we set off with global partners for both green hydrogen and SMRs, our long-term goal is to develop proprietary technology, manufacture core equipment, and deliver cost-effective, innovative solutions tailored for emerging markets," he said.

Land has been secured in Kandla, Gujarat, for manufacturing green hydrogen and green ammonia units, he said adding that L&T is also capable of executing EPC projects in green hydrogen, ammonia and methanol globally.

Earlier, Larsen & Toubro had announced the incorporation of L&T Green Energy Kandla Pvt Ltd for the development of green hydrogen projects.

Hydrogen produced through the electrolysis of water and powered by renewable energy, is known as green hydrogen.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)