Engineering conglomerate Larsen & Toubro (L&T) will explore green hydrogen prospects in India under the asset ownership model, a detour from its policy of staying asset-light, officials said.
For its entry in the green hydrogen segment, L&T has diverted from its usual strategy on two counts. One, it has opted for an asset ownership and operatorship model and second, it has decided to house all its green energy interests under a subsidiary. The two moves, company executives said, were aimed at addressing build-own-operate prospects that will allow the scope for financial partners at a later stage, if needed.
