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L&T to look at up to $4 bn investment in green hydrogen, with partners

Larsen & Toubro (L&T) will aim to invest $3-4 billion in green hydrogen projects, along with its joint venture (JV) partners, said a senior executive from the company. These investments are planned over three to five years, depending on cost economics.

The engineering conglomerate is also in talks to acquire the Nuclear Power Corporation of India s (NPCIL s) share in one of its forging JV companies for a consideration of Rs. 100-150 crore.

We are considering investments worth $3-$4 billion in the green hydrogen space, in collaboration with partners, said S N Subrahmanyan, chief executive officer and managing director of the company. ....

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SBI surpasses Reliance Industries to become the most profitable business in India

The changes in the domestic and global economy following the outbreak of the Covid-19 pandemic are altering the. ....

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SBI beats Reliance to become India's most profitable company

The changes in the domestic and global economy following the outbreak of the Covid-19 pandemic are altering the corporate profit league table in India.

Reliance Industries (RIL), which topped the India Inc profit chart for more than a decade, lost out to State Bank of India (SBI) in the 2023-24 (FY24) April-June quarter (first quarter, or Q1).

India s biggest lender reported a consolidated net profit (adjusted for exceptional gains and losses) of Rs 66,860 crore during the trailing 12-month (TTM) ended in June this year, ahead of RIL s TTM adjusted net profit of Rs 64,758 crore in the quarter. ....

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IndianOil and Praj seal deal for building biofuel production capacities in India

IndianOil and Praj seal deal for building biofuel production capacities in India
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LanzaJet, IndianOil to explore SAF production in India

Sustainable fuels technology company LanzaJet and energy major Indian Oil Corporation (IndianOil) have teamed up to explore the production of sustainable aviation fuel (SAF) in India. ....

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