L&T soars on commissioning first indigenously built Hydrogen Electrolyser at Hazira
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Larsen & Toubro is currently trading at Rs. 3577.50, up by 95.90 points or 2.75% from its previous closing of Rs. 3481.60 on the BSE.
The scrip opened at Rs. 3491.05 and has touched a high and low of Rs. 3582.55 and Rs. 3491.05 respectively. So far 81985 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3738.90 on 30-Jan-2024 and a 52 week low of Rs. 2,107.00 on 02-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3587.00 and Rs. 3395.05 respectively. The current market cap of the company is Rs. 489711.82 crore.
The Institutions holding in the company stood at 63.06%, while Non-Institutions held 36.94% in the company.
Larsen & Toubro (L&T) has achieved a significant milestone in the clean energy space by commissioning its first indigenously manufactured electrolyser at the Green Hydrogen Plant at A M Naik Heavy Engineering Complex in Hazira, Gujarat. This pioneering accomplishment signifies L&T Electrolysers’ foray into domestic electrolyser manufacturing, underscoring the company's steadfast dedication to propelling sustainable energy solutions.
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 (EPU) ML-400, which is indigenously manufactured and assembled, adhering to the latest international standards, and offers exceptional flexibility and thermal stability. The electrolyser will now undergo rigorous testing in the coming weeks to optimize its performance, and in turn, paving the way for full-fledged manufacturing of electrolysers.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
