L&T incorporates new green energy step-down subsidiary

** Larsen & Toubro (L&T) has announced the incorporation of a new wholly owned step-down subsidiary, L&T Green Energy Kandla Private Limited (LTGEK), on April 4, 2025. This new entity falls under L&T Energy Green Tech Limited, a wholly-owned subsidiary of L&T. LTGEK is designed to focus on the development of green hydrogen and its derivatives, including green ammonia projects. The authorized capital of LTGEK is INR 100,000, divided into 10,000 equity shares with a face value of INR 10 each, all of which have been subscribed to by L&T Energy Green Tech Limited. The incorporation is a related party transaction, and the company has confirmed that the subscription was done at arm's length. While LTGEK is yet to commence business operations, it signifies L&T’s strategic move to further its investments in the green energy sector.