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L&T to invest up to Rs 5,000 cr to implement and adopt green energy

Friday, 22 Oct 2021
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Larsen & Toubro (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.

The company is trying to scope the programme for respective locations and that these investments will have a natural payback.

The company is in the process of developing a sustainability roadmap for FY22 to FY26 aligned with its ‘Lakshya 2026’ targets. In terms of reduction of Co2 the company has set a target to increase the usage of renewable power by 50 percent by FY26 and 100 percent by 2035 in its operations.

The company is also planning to use some bio-fuels and evaluating setting up a green hydrogen plant in Hazira by the end of FY22. It aims to improve its energy efficiency by 2.5 percent per annum for Scope 1 (Phase-1) and two percent per annum for Scope 2 (Phase-2)

The company is also adopting electric vehicles (EVs) on their campuses and  looking to replace all its IC (Internal Combustion Engine) vehicles with EV vehicles.
 
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