Larsen & Toubro (L&T), a prominent engineering and construction company, has introduced a new subsidiary, Panipat Green Hydrogen Pvt Ltd, with a primary focus on advancing green hydrogen projects. This move aligns with L&T's strategic expansion in the green hydrogen sector. Fitch Ratings recently affirmed L&T's long-term foreign and local currency issuer default ratings at 'BBB+', signifying a stable outlook. L&T's entry into the green hydrogen domain was further solidified by the acquisition of a land parcel in Kandla, Gujarat, specifically designated for green hydrogen and ammonia endeavors. Concurrently, the Indian government's active advocacy for green hydrogen as a crucial clean energy source is evident through initiatives like the National Green Hydrogen Mission and pilot programs aimed at revolutionizing the transportation industry. This collective effort underscores a positive trajectory for L&T and the green hydrogen sector as a whole, demonstrating a promising future for sustainable energy initiatives in India.