L&T Energy GreenTech, a subsidiary of Larsen & Toubro, has been awarded the contract to construct a green hydrogen production plant at Indian Oil Corporation's Panipat refinery in Haryana, India. The plant, with an annual production capacity of 10,000 tonnes, will be operated under a build-own-operate model. L&T emerged as the successful bidder by offering to supply green hydrogen at INR 397 per kilogram, surpassing competitors NTPC Renewable Energy and ReNew. The project is mandated to operate round-the-clock throughout the year, using water electrolysis powered by renewable energy sources to meet green hydrogen criteria. This initiative marks a significant stride in India's shift towards cleaner fuels, aligning with national objectives of reducing carbon emissions and lessening dependence on fossil fuels. With L&T's victory in securing this deal, the company's reputation in the clean energy sector is further strengthened, demonstrating its competency in managing large-scale projects incorporating innovative technologies. The upcoming Panipat plant is anticipated to be a key player in India's green hydrogen landscape, aiding IndianOil's efforts in decarbonization and future fuel diversification strategies. This accomplishment reinforces L&T's position as a significant contributor to the hydrogen economy, as interest in green hydrogen grows among both public and private sector entities seeking sustainable energy solutions.