L&T Subsidiary Signs MoU with John Cockerill to Advance Solar and Thermal Energy Solutions

Larsen & Toubro (L&T) announced on Monday, March 24, 2025, that its wholly-owned subsidiary, L&T Energy Green Tech Ltd, has signed a Memorandum of Understanding (MoU) with John Cockerill Energy. The agreement focuses on exploring advanced technologies in concentrated solar power (CSP) and thermal energy storage.

Strategic Collaboration in Manufacturing and Engineering

According to an exchange filing, the MoU aims to identify and develop strategic collaboration opportunities in manufacturing, component supply, and engineering solutions.

By leveraging their respective strengths, L&T Energy Green Tech and John Cockerill will work towards innovative solutions for sustainable energy infrastructure.

L&T Energy Green Tech’s Integrated Green Energy Solutions

L&T Energy Green Tech specialises in integrated green energy solutions through advanced technology, strategic partnerships, and research & development.

The company operates on a development, manufacturing, Engineering, Procurement, and Construction (EPC) model, focusing on the future of sustainable energy solutions.

John Cockerill’s Expertise in Energy Transition

With over 200 years of experience in the energy and industrial sectors, John Cockerill has been at the forefront of developing technological solutions that contribute to the global energy transition.

The company has a proven track record in solar thermal power, making it a valuable partner for L&T in advancing renewable energy capabilities.

Management Outlook on the Deal

Commenting on the partnership, Subramanian Sarma, Whole-Time Director and President (Energy) at L&T, emphasised the significance of ensuring the round-the-clock availability of renewable power in the global energy transition.

“Our collaboration with John Cockerill marks a significant step in this direction, combining L&T’s end-to-end expertise in manufacturing, EPC, and services with John Cockerill’s global leadership in energy,” Sarma stated.

Echoing this sentiment, Thomas Bohner, CEO of John Cockerill Energy, highlighted the company’s successful track record in solar thermal solutions worldwide.

“With our expertise and references, including five solar thermal receivers for concentrated solar power plants in the UAE, China, Chile, and South Africa, we are confident this partnership will enable us to deliver these offerings to companies in India that are actively pursuing low-carbon energy solutions,” Bohner said.

Stock Performance 

On March 24, 2025, Larsen & Toubro share price ended 1.87% higher at ₹3481.10. Larsen & Toubro share price reached a 52-week high of ₹3,963.00, and a 52-week low of ₹3,141.30. As per BSE, the total traded volume for the stock stood at 1.65 lakh shares with a turnover of ₹57.58 crore.

According to exchange data, Larsen & Toubro shares are trading at a price-to-earnings (P/E) ratio of 47.68x, based on its trailing 12-month earnings per share (EPS) of ₹73.01, and a price-to-book (P/B) ratio of 7.26.

Conclusion 

The partnership between L&T Energy Green Tech and John Cockerill marks a significant step in advancing renewable energy technologies in India.

By leveraging their expertise in manufacturing, EPC, and solar thermal solutions, the collaboration aims to drive innovation in green power. This strategic alliance will support India’s transition to sustainable energy and accelerate low-carbon energy adoption.

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