Larsen & Toubro (L&T) has recently established a new company, Panipat Green Hydrogen Pvt Ltd, solely owned by L&T, to undertake green hydrogen projects and associated ventures. The initiative aims to leverage green hydrogen as a clean energy source, produced through renewable power sources. The move signifies L&T's commitment to sustainable practices in the engineering and construction sector. Additionally, Fitch Ratings' affirmation of L&T's strong long-term foreign and local currency issuer default ratings further strengthens the company's financial standing, providing a positive outlook for future growth. L&T's strategic acquisition of land in Kandla, Gujarat, for the development of green hydrogen and green ammonia projects aligns with the global shift towards renewable energy sources. Noteworthy is the Indian government's proactive stance in promoting green hydrogen through initiatives like the National Green Hydrogen Mission, signaling a favorable environment for companies venturing into sustainable energy projects.