IT and engineering conglomerate Larsen & Toubro (L&T) has teamed up with the Indian Institute of Technology, Bombay (IIT Bombay) to jointly pursue research and development work in the green hydrogen value chain.
The Indian multinational in a regulatory filing on Tuesday informed exchanges about its new partnership with the country’s top tech institute. L&T’s engineering expertise, product scale-up, commercialization know-how, and IIT Bombay’s cutting-edge research in hydrogen technologies will help this partnership accomplish its goal, the company said in a press release.
“L&T has always been in the forefront to drive technological advancements and indigenisation in India across sectors. We are positioning to drive Green Hydrogen economy in India together with our partners,” S N Subrahmanyan, CEO & MD, L&T, said.
Net Zero by 2070
While speaking over the new partnership Prof Subhasis Chaudhuri, Director, lIT Bombay said, “Given the urgency of the climate crisis and India’s own ambitious target of becoming net-zero by 2070, the transition from fossil fuel to Green Hydrogen will play a key role in this goal. India’s National Hydrogen Mission is a step in the right direction, and I am confident that our partnership with L&:T will result in scalable and cost-effective solutions.”
In the central government in February 2022 notified the Green Hydrogen policy aimed at boosting the production of Green Hydrogen and Green Ammonia to help the nation become a global hub for the environmentally friendly version of the molecule.