The agreement was signed in Tokyo by senior executives from both companies, in the presence of top leadership from Larsen & Toubro and ITOCHU Corporation. The deal builds on a Joint Development Agreement signed in July 2025, marking a shift from collaboration to securing long-term offtake.

ITOCHU Corporation will use green ammonia supplied from Kandla to expand its green bunkering operations as part of its global green ammonia ecosystem strategy across key maritime trade routes. Singapore, a major marine fuel hub, is emerging as a key centre for ammonia bunkering. The initiative marks a step toward decarbonising the maritime sector and supporting wider adoption of low-carbon fuels in shipping.

The company said the agreement reinforces LTEGL’s strategy to scale its green hydrogen and derivatives platform, positioning Kandla as a key export hub for low-carbon fuels. It also aligns with India’s National Green Hydrogen Mission, supporting the country’s goal of becoming a leading exporter of green energy derivatives.

Subramanian Sarma, deputy managing director & president – L&T, said, “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 of the Machinery Company, ITOCHU Corporation, said, “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.'

L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies.

On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26.

Shares of Larsen & Toubro slipped 1.25% to Rs 4,024.90 on the BSE.