- 15 Jan 2025
- ICICI Securities
L&T PLANS TO INVEST ~₹48000 CRORE FOR SETTING UP 6 GREEN AMMONIA MANUFACTURING UNITS
News: Larsen and Tourbo (LT) plans to invest ~₹48000 crore for setting up 6 green ammonia manufacturing units at the Deendayal Port Authority in Kandla, Gujarat. Last April, LT had acquired 500 acres of land for setting up green ammonia manufacturing units. LT is in discussion with multiple global customers and in a few months it will be able to reach agreement to manufacture and export green ammonia overseas. LT plans 6 units of 300 thousand tones per annum each, to be set up in 6 phases. With an investment of ₹8000 crore per unit.
Views: Green ammonia is a key ingredient in decarbonisation of industrial units. There is robust demand world over as companies race ahead to meet their net zero emission targets. This is an important project for LT and will help LT achieve its targeted growth going forward.
Impact: Positive