L&T to invest up to Rs 5,000 crore to implement and adopt green energy, achieve carbon neutrality by 2035-2040
Larsen & Toubro Ltd (L&T) will be investing up to Rs 5,000 crore to implement and adopt green energy into its manufacturing and construction sites to achieve carbon and water neutrality targets by 2035-2040.
“We have now set out a path of implementing these ESG initiatives in some of our project sites and manufacturing locations….This could be anywhere between Rs 1,000 and Rs -5,000 crore of transitionary investments we might have to do as a group to achieve 2035-2040 goals that we have set for ourselves,” said the company’s chief financial officer, Shankar Raman.
