iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

L&T, McPhy enter into partnership for Green Hydrogen manufacturing

21 Mar 2024 , 05:46 PM

Larsen & Toubro (L&T) has recently signed a binding agreement with McPhy Energy. McPhy Energy is a well-known French company specializing in electrolyzer technology and manufacturing. 

The agreement sets out a long-term partnership between the two companies aimed at exploring opportunities in the rapidly growing Green Hydrogen market.

McPhy will grant L&T an exclusive license of its pressurized alkaline electrolyzer technology for the manufacture of electrolyzers, including future product upgrades, as part of this collaboration. L&T plans to construct a manufacturing facility in India, capable of producing Gigawatt-scale electrolyzers that use McPhy's technology. This facility will serve both domestic and international markets.

During the event, Subramanian Sarma, who serves as L&T's Whole Time Director (Energy), remarked that the energy sector is experiencing a transformative change, with Green Hydrogen emerging as a crucial component of the future energy mix. 

'We are delighted to have signed this Agreement with McPhy,' he continued, 'because it will be a win-win alliance given L&T's significant presence across the entire value chain of energy manufacturing, EPC, and services, and McPhy's technology and research leadership in this sector.'

The agreement being proposed is in alignment with L&T's strategic vision of having a presence throughout the green energy value chain. At the same time, it also supports McPhy's ambition to broaden its reach beyond the European market.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • L&T Agreement
  • L&T News
  • L&T Stock
  • L&T updates
  • McPhy
  • McPhy Energy
sidebar mobile


Read More

Most Read News

Indices end lower
21 Jun 2024|03:40 PM
Market Update: Nifty and Sensex Dip
21 Jun 2024|01:47 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.