L&T rises 2% after its first hydrogen electrolyser goes on stream in Gujarat

Shares of Larsen and Toubro (L&T) advanced 2 percent to Rs 3,536 in early trade on March 1 after the company commissioned its first domestically produced hydrogen electrolyser at its green hydrogen plant in Hazira, Gujarat.

At 9:20am, the stock was trading at Rs 3,511, up 1 percent from the previous close on the NSE. The share price has gained 13 percent in the last three months.

The achievement marks the entry of L&T Electrolysers Limited into domestic electrolyser manufacturing, the company said. “This advancement significantly bolsters our offerings across the value chain, showcasing L&T as a global force in the clean energy space.”

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“Featuring a rated power capacity of 1 MW (expandable to 2 MW), this electrolyser can produce 200 Nm3/Hr of hydrogen. It is equipped with two stacks and an electrolyser processing unit ML-400, and offers exceptional flexibility and thermal stability,” the company said in a stock exchange filing, mentioning that the electrolyser will undergo rigorous testing in the upcoming weeks.

L&T Electrolysers, a newly incorporated entity by Larsen and Toubro (L&T), is dedicated to manufacturing pressurised alkaline electrolysers. The technology for these electrolysers is sourced from McPhy Energy in France. The company plans to utilise its upcoming giga-scale Hazira facility to cater to the increasing demand for green hydrogen.

The company has also been allocated a significant 300 MW/annum capacity under the Production Linked Incentive (PLI) of the National Green Hydrogen Mission, launched by the Ministry of New and Renewable Energy.

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