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Larsen & Toubro Arm Signs Pact to Partner With Japan's ITOCHU

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L&T Energy GreenTech, wholly-owned subsidiary Larsen & Toubro (NSE:LT, BOM:500510), signed a long-term partnership with ITOCHU Corp. (TYO: 8001), according to a Wednesday filing to the Indian stock exchanges.

Under the partnership, L&T Energy will supply ITOCHU 300,000 tons of green ammonia per annum from its proposed production facility at Kandla, Gujarat, in India, on a captive long-term take-or-pay basis.

ITOCHU will use the green ammonia supplied from Kandla to support its expanding green bunkering operations in Singapore and other locations.

The company's shares were down nearly 1% in recent trade.

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