Larsen & Toubro (L&T), a prominent engineering and construction firm in India, has announced the creation of a wholly-owned subsidiary, Panipat Green Hydrogen Pvt Ltd, to focus on green hydrogen projects. By establishing Panipat Green Hydrogen, L&T aims to contribute to India's green energy goals and participate in the growing green hydrogen sector. The company had previously secured land in Gujarat for developing green hydrogen and green ammonia projects, showcasing its commitment to sustainability. The Indian government's initiatives, such as the National Green Hydrogen Mission and pilot projects promoting hydrogen use in transportation, provide a conducive environment for L&T's endeavors. Additionally, Fitch Ratings' affirmation of L&T's credit ratings at 'BBB+' with a stable outlook underscores confidence in the company's strategic direction towards green energy and sustainability. The establishment of Panipat Green Hydrogen reflects a positive outlook on the potential of green hydrogen as a clean energy source and L&T's dedication to contributing to India's green energy transition.