L&T Energy GreenTech Secures Long-Term Green Ammonia Supply Partnership with Japan's ITOCHU
Mumbai, April 22, 2026: L&T Energy GreenTech Ltd (LTEGL), a wholly-owned subsidiary of Larsen & Toubro, has formed a long-term partnership with ITOCHU Corporation of Japan. The agreement solidifies a significant supply commitment, positioning Kandla in Gujarat as a major export hub for low-carbon fuels.Under the terms of the new partnership, LTEGL will supply ITOCHU with 300,000 tonnes of green ammonia per annum. This supply will be based on a captive long-term take-or-pay arrangement from LTEGL's proposed production facility located in Kandla, Gujarat.
The long-term agreement was signed by Derek M Shah, CEO & MD of LTEGL, and Hiroyuki Tsubai, EVP, Member of the Board and President - Machinery Company, ITOCHU Corporation, at ITOCHU's headquarters in Tokyo. The signing ceremony also included Masahiro Okafuji, Chairman & CEO of ITOCHU Corporation, S N Subrahmanyan, Chairman & MD of L&T, and Subramanian Sarma, Deputy MD & President of L&T.
The deal marks a clear progression from the Joint Development Agreement (JDA) established between the two companies in July 2025, successfully transitioning the collaboration from joint development planning to securing long-term commercial demand.
| Detail | Description |
|---|---|
| Product | Green Ammonia |
| Supplier | LTEGL (Larsen & Toubro subsidiary) |
| Offtaker | ITOCHU Corporation (Japan) |
| Volume | 300,000 tonnes per annum |
| Basis | Captive long-term take-or-pay |
| Source Location | Kandla, Gujarat |
ITOCHU plans to utilize the green ammonia sourced from Kandla to support its expanding green bunkering applications. This aligns with the corporation's strategy to develop a global green ammonia ecosystem along key maritime trade routes, such as Singapore, which is emerging as a critical center for ammonia bunkering.
The partnership significantly supports the decarbonization of the maritime sector and advances the growing adoption of low-carbon fuels in global shipping. Furthermore, it reinforces LTEGL's strategy to scale its green hydrogen and derivatives platform, contributing to India’s ambition to become a leading exporter of green energy derivatives, in line with the National Green Hydrogen Mission.
Subramanian Sarma, Deputy Managing Director & President L&T, commented on the development, stating, "The agreement with ITOCHU is a significant step in translating L&T's clean energy ambitions into large-scale, bankable projects. By securing long-term demand through a reputed global partner like ITOCHU, we are strengthening the commercial foundation of our green ammonia platform, while contributing meaningfully to global decarbonisation."
Hiroyuki Tsubai, Executive Vice President, Member of the Board, and President - Machinery Company, ITOCHU Corporation, emphasized the strategic importance of the supply: "Establishing a reliable and scalable supply of green ammonia is critical to accelerating its adoption as marine fuel. Our partnership with LTEGL provides a strong and credible supply base, enabling us to expand our bunkering business and support the shipping industry's transition towards low-carbon operations."
Company Profiles
About L&T Energy GreenTech Ltd (LTEGL)LTEGL, a wholly-owned subsidiary of the Indian conglomerate Larsen & Toubro, is dedicated to delivering sustainable energy solutions across the green hydrogen value chain. The company focuses on Development, Manufacturing, and EPC, offering integrated solutions through advanced technology, strategic partnerships, and dedicated R&D.
About ITOCHU Corporation
ITOCHU is a foremost sogo shosha (general trading company) in Japan. It operates across approximately 90 bases in 61 countries, engaging in international trading of a diverse range of products, including textiles, machinery, metals, energy, chemicals, food, and ICT, alongside strategic investments both in Japan and overseas.
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