Over the last four decades, Larsen and Toubro, the Indian multinational conglomerate, has established its credentials in the Gulf region, developing vital infrastructure in various countries including Saudi Arabia, the UAE, Oman, Kuwait, and Qatar. L&T has lent their expertise to constructing power and water infrastructure, high-rise buildings, stadiums, airports, hospitals, transportation infrastructure and executing projects in the hydrocarbon space. Apart from playing a crucial role in the NEOM project, L&T is rapidly making their presence felt in the renewables space with the execution of key projects in the region.
Recently, L&T made a significant mark at the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023, which was held at the Dubai Trade Centre from Nov. 15-17.
We are delighted that we are playing a significant role in the huge wave of development that is going on in across the Middle East, led by Saudi Arabia.
T. Madhava Das, Whole-time Director and Senior Executive Vice President, L&T
“Over the last few years, our focus on international business has sharpened, which is reflected in the fact that over 30 percent of our total turnover comes from international markets, especially from across the Gulf region,” said T. Madhava Das, whole-time director and senior executive vice president (utilities), L&T. “We are delighted that we are playing a significant role in the huge wave of development that is going on across the Middle East, led by Saudi Arabia, and with our expertise and experience built over decades, we are well placed and well-equipped to continue making a difference. WETEX always has an ideal platform for us to showcase our capabilities and it was no different this year,” he added.
In the renewables sector, L&T has achieved significant milestones through its involvement in the world’s largest green hydrogen plant project, conducted in collaboration with NEOM Green Hydrogen Company in Oxagon, Saudi Arabia. With an investment of $8.4 billion, this project focuses on producing green hydrogen and green ammonia for global export. L&T has received approval from Air Products, the EPC contractor and exclusive off taker, to establish renewable energy generation, storage, and grid infrastructure, with a contract value of close to $3 billion. Progress has been substantial in surveys, design, engineering, temporary facilities, and long-lead item procurement.
The project includes the construction of a 2.2 GWac PV solar plant, a 1.65 GW wind generation balance of plant, and a 400 MWh battery energy storage system.
L&T continues to play a vital role in Saudi Arabia’s energy development, executing crucial substation and transmission line projects for entities such as the Saudi Electricity Company and Saudi Aramco, and developing major gas fields and processing facilities, including the Hasbah offshore gas field and the Midyan gas processing facilities.
