Indian conglomerate Larsen & Toubro has created a new business revision for renewable engineering, procurement and construction. The new business vertical will be formed out of the company’s existing power transmission and distribution business and sit within its infrastructure projects segment.
Explaining the move, Larsen &Toubro noted the acceleration of the clean energy trend in recent years, saying, “Renewable penetration, particularly in solar and wind generation, is set to grow in the global mix.”