Larsen and Toubro Ltd to expand electrolyser manufacturing

pushed back its plan to expand electrolyser manufacturing capacity from 400 MW to 1 GW at Hazira, Gujarat, citing weaker-than-expected green-hydrogen demand. The proposed ₹450–550 crore expansion, originally targeted for completion by March 2027, is now on hold until market demand improves. Separately, Morgan Stanley named L&T among its 10 “Overweight” top picks, noting an 11% gain over the past 12 months and outperformance versus MSCI India. L&T is also working on India’s first tokenised bond issue of about ₹500 crore, to be settled same-day via central bank digital currency wallets for eligible investors. The stock closed around ₹3,946–₹3,960 on September 8, with a market capitalisation near ₹5.55 lakh crore.