L&T goes green, plans to enter solar power generation business

Monday, Nov 17, 2008

Engineering and construction company Larsen and Toubro Ltd (L&T) plans to enter solar power generation and expand its offering in the green energy technology business that includes nuclear and hydel power.

Renewable sources: A.M. Naik, chairman of L&T, said his firm is in talks with two companies to make machinery for solar panels. Ashesh Shah / Mint“We want to be a clean-technology provider. We are already (entering) into nuclear (generation) and we build hydel plants,” L&T’s chairman and managing director A.M. Naik said at a forum organised by Freescale Semiconductor Inc. on Thursday.

L&T is in talks with two firms to make machinery for solar panels, Naik said, but declined to elaborate.

Environment-friendly energy technology has attracted firms including Wipro Ltd, Tata BP Solar India Ltd and Reliance Industries Ltd.