Larsen & Toubro (L&T), a prominent engineering and construction company in India, has launched a new subsidiary, Panipat Green Hydrogen Pvt Ltd, to focus on green hydrogen projects. This move aligns with the company's strategy to venture into sustainable energy solutions. Fitch Ratings has affirmed L&T's financial stability by maintaining its 'BBB+' ratings, showcasing the company's strong market position. L&T's recent land acquisition in Gujarat signifies its commitment to developing green hydrogen and green ammonia projects to meet the increasing demand for clean energy. The Indian government's support for green hydrogen, demonstrated through initiatives like the National Green Hydrogen Mission and pilot projects for transportation, further solidifies L&T's endeavors in the global sustainable energy sector.