In a bid to cement its presence in clean energy, Larsen & Toubro (L&T) plans to invest up to $2.5 billion in its green portfolio in the next 3-4 years and supply components to offshore wind farms.
Subramanian Sarma, senior executive vice-president (energy) at L&T, said the world was moving towards green energy and it was only natural that the company take a leadership position in this space. “We plan to invest up to $2-2.5 billion to start with, over the next 3-4 years, depending on how the markets evolve. This would be across green hydrogen, solar and wind projects,” he said.
