logo
L&T to set up India's largest green hydrogen plant at IOCL Panipat Refinery

L&T to set up India's largest green hydrogen plant at IOCL Panipat Refinery

Time of India2 days ago
Infrastructure major Larsen & Toubro (L&T) on Monday said its arm will set up the nation's largest
green hydrogen plant
at
Indian Oil Corporation
's
Panipat Refinery
in
Haryana
.
The plant, to be set up by Larsen & Toubro's wholly-owned arm
L&T Energy GreenTech
Ltd, will supply 10,000 tonnes of green hydrogen per year to Indian Oil Corporation Ltd (IOCL) for 25 years, supporting the Centre's
National Green Hydrogen Mission
.
The plant, being developed under a build-own-operate model, will operate round the clock using green energy, aligning with IOCL's broader strategy to
decarbonise
its refining operations and contribute to the nation's net zero goals.
"The decision to set up India's maiden green hydrogen plant validates our strategy to lead the nation's
energy transition
. This long-term project not only deepens our partnership with IOCL but also reinforces our capability to deliver large-scale
clean energy solutions
," L&T Deputy Managing Director & President Subramaniam Sarma said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AdTech Explainer: The MarTech Glossary
AdTech Explainer: The MarTech Glossary

Time of India

time33 minutes ago

  • Time of India

AdTech Explainer: The MarTech Glossary

The year was 1994. The First Banner Ad widely considered the true beginning of online advertising and the invention of cookies (digital cookies) both happened in this year. It's widely believed that AT&T displayed the first recorded banner ad on HotWired (now It showed the world the potential of the internet as a new advertising medium. In the same year, at Netscape (remember that), two individuals, Lou Montulli and John Giannandrea invented cookies, which would become fundamental for tracking user behavior and personalising ads online. The following year saw the launch of the first Ad Server (explained last week). In 1996, the rise of Ad Networks like DoubleClick gave advertisers a centralised way to buy ad space across multiple publishers, using cookies to track users and serve relevant ads. Yahoo also started displaying search ads around this time. In the 2000s Google launched AdWords, revolutionising online advertising with its pay-per-click (PPC) model, allowing advertisers to bid on keywords. This was followed by AdSense that enabled publishers to monetise their content with PPC ads, significantly expanding the digital advertising ecosystem. In the mid-2000s the emergence of Ad Exchanges facilitated the buying and selling of ad inventory through real-time auctions. Mobile Ad Networks (mobile-specific ad networks) emerged to sell advertising space on these devices appeared in the same period. By 2007-2008, Real-Time Bidding (RTB) and DSPs/SSPs made an appearance. Many consider this as a game-changer. RTB allowed advertisers to bid on individual ad impressions in real-time. Adtech began as a way to automate and manage simple banner ads online and has evolved into a complex ecosystem of platforms and technologies that enable highly targeted, real-time, and data-driven advertising across a multitude of digital channels. Advertising Technology (AdTech): The umbrella term for technologies that facilitate the buying and selling of digital advertising, including ad servers, demand-side platforms (DSPs), and supply-side platforms (SSPs). Demand-Side Platform (DSP): A system that allows advertisers to buy ad impressions across various ad exchanges, a range of publisher sites and apps in real-time. Supply-Side Platform (SSP): A technology platform used by publishers to manage, sell, and optimise their ad inventory.

EU allocates $3.27 bn to 94 transport projects under CEF
EU allocates $3.27 bn to 94 transport projects under CEF

Fibre2Fashion

time3 hours ago

  • Fibre2Fashion

EU allocates $3.27 bn to 94 transport projects under CEF

The European Commission has allocated nearly €2.8 billion (~$3.27 billion) in EU grants to 94 transport projects under the Connecting Europe Facility (CEF). This investment will focus on modernising railways, inland waterways, and maritime routes across the trans-European transport network (TEN-T), enhancing connectivity and competitiveness within the EU. The European Commission has allocated €2.8 billion (~$3.27 billion) in grants to 94 transport projects under CEF. The funding will modernise railways, waterways, and maritime routes, focusing on sustainability and resilience. Key projects include Rail Baltica, high-speed rail in Czechia and Poland, and enhanced road safety and air traffic management. Selection will be formalised by October 2025. Rail transport will receive the largest share, with 77 per cent of the total funding directed towards infrastructure upgrades, including Rail Baltica in the Baltic region, high-speed rail development in Czechia and Poland, and the European Rail Traffic Management System (ERTMS) across 11 Member States, European Commission said in a release. Maritime and inland waterway projects will focus on reducing emissions and improving resilience, including the installation of shore-side electricity at ports and digital traffic management systems. Additional investments will enhance road safety, air traffic management, urban mobility, and bolster transport links to Ukraine. The projects are expected to improve regional trade, strengthen infrastructure resilience, and contribute to the EU's green transition. The Commission will formalise the selection by October 2025. Fibre2Fashion News Desk (HU)

L&T Finance hits new high after over 7 years; should you buy, hold or sell?
L&T Finance hits new high after over 7 years; should you buy, hold or sell?

Business Standard

time5 hours ago

  • Business Standard

L&T Finance hits new high after over 7 years; should you buy, hold or sell?

L&T Finance share price today Shares of L&T Finance (LTF) hit an all-time high of ₹214.80, up 2 per cent on the BSE in Wednesday's intra-day trade. The stock price of this non-banking finance company (NBFC) surpassed its previous high of ₹213.60 touched on October 24, 2017, the BSE data shows. In the past five months, LTF has zoomed 60 per cent. While, thus far in the calendar year, the stock has outperformed the market by surging 56 per cent, as compared to 5 per cent rise in the BSE Sensex. L&T Finance - Q1FY26 performance LTF reported a steady performance in the April to June 2025 quarter (Q1FY26) with visible recovery in rural portfolios. Retail disbursements stood at ₹17,522 crore (up 18 per cent YoY, 18 per cent QoQ), primarily led by integration of recently acquired gold loan portfolios. Retail book expanded 18 per cent YoY to ₹99,816 crore, while consolidated asset under management (AUM) increased 15 per cent YoY to ₹1.02 trillion. Asset quality metrics were stable with gross net performing asset (GNPA) at 2.93 per cent and net NPA at 0.83 per cent. Brokerages view, rating and target price for LTF According to analysts at ICICI Securities, relative resilience, amid volatility in the microfinance institution (MFI) segment, bodes well. Alteration in business mix, amid focus on sustainable and risk calibrated growth is expected to keep business growth steady and improve sustainability of performance. The brokerage firm revised target price to ₹250, valuing the stock at ~2x FY27E BV. Upgrade the stock from Hold to Buy. JM Financial Institutional Equities, Edelweiss Securities and Mirae Asset Sharekhan also have a 'Buy' rating on LTF with a target price of ₹240 per share. Current quarterly performance has been steady with moderating credit cost and improved growth visibility given its partnerships with Amazon and Phonepe. Its project Cyclops also offers significant support to the business in terms of underwriting, analysts at JM Financial Institutional Equities said. With a revival in growth and improving MFI outlook, we retain 'BUY'. Investment in a formidable digital platform shall ensure an accelerated shift to prime customers, which will help improve risk-adjusted yield by 50-100bp. LTF could dip into its remaining buffer of ₹ 275 crore even in Q2FY26. Credit Enhancement in MFI, especially Karnataka, will normalise by September/October, according to analysts at Edelweiss Securities. Stress in the unsecured segment is a near-term headwind, which the company will navigate and come out stronger. The company has already provided for most of the stress book through a combination of credit costs and excess balance sheet provisions. It remains assertive on reduction in credit costs and improvement in asset quality in the MFI space from H2FY26, said Mirae Asset Sharekhan in Q1 result update. Meanwhile, S&P Global Ratings expects L&T Finance's risk profile to improve, as the company shifts toward more diversified retail lending. Economic growth will also aid recovery of legacy wholesale and security receipt exposures. 'In our base case, L&T Finance will have strong retail loan growth of about 35 per cent for fiscal 2026 and 15 per cent for fiscal years 2027 and 2028. The company will also continue to shrink its wholesale loans. In addition, we expect yields to moderately decline over the forecast horizon as the company increases its secured lending portfolio,' the rating agency said in rationale. India's robust medium-term growth potential and large, diversified economy should continue to support NBFCs' business prospects and profitability in the medium term. Easing domestic interest rates, moderate inflation and improved system liquidity should buffer against global economic uncertainty, particularly as India's NBFCs are mostly domestically focused, said Fitch Ratings.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store