Larsen & Toubro : Updates

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SEC/PAM/2017 May 26,2017

TheSecretary BSELimited

PhirozeJejeebhoyTowers,Dalal Street,

MUMBAI -400 001

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Dear Sir,

National StockExchange OfIndia Limited ExchangePlaza,5th Floor

Plot No.C/1, GBlock Bandra-Kurla Complex

Bandra (E),Mumbai- 400051 STOCK CODE: LT

Sub:L&T HydrocarbonEngineering Signs Agreement with Instituteof Chemical Technology toBuild Second Generation Ethanol Plants.

Wesend herewitha copy of Press Releasethat is beingissued by theCompany, today, inconnection withthe above.

Werequest you totakenote of thesame.

Thanking you,

Yoursfaithfully,

forLARSEN &TOUBRO LIMITED

N. HARIFIARAN EXECUTIVEVICE PRESIDENT &

COMPANY SECRETARY t8

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Mumbai, May26, 2017:L&THydrocarbon Engineering(LTHE), a leading provider of design­ to-build engineering and construction solutions across the hydrocarbon spectrum to global majors, and a wholly-owned subsidiary of Larsen& Toubro (L&T), has signed a Memorandum of Agreement (MOA) with Instituteof Chemical Technology (ICT) to build Ethanol plants based on the fully indigenous technology developed by ICTfor producing Second Generation Ethanol. This novel technology developed by ICTunder the leadershi p of Dr.Arvind Lali, Head of DBT-ICT Centre, is capable of processing a variety of feedstocks and offers one of

the lowest project lifecycle cost.

Today, Indiais producing about 3% bio-ethanol blending with Ethanol derived from molasses, which is called first Generation (1G) Ethanol. There isa huge impetus from the Government of Indiato set up second Generation (2G)Ethanol plantsin order to achieve the ambitious target of 20% blending of bio-fuels. 2G Ethanolisdefined as that derived from agricultural wastes that do notimpact human and animal food chains, and result in more than60% reduction infuel carbon emissions compared to equivalent petro-fuel use.

Prof. G.D. Yadav, Vice Chancellor, ICT,stated that the Departmentof Bio·Technology (DBT),Government of India,set up India'sfirst bio-energy research centre at ICT in 2008, known as the DBT-ICT Centre for Bio-science, with the express mandate to develop, scale up and monetize the 2G Ethanol bio-ethanol technology.

LTHE and ICTwillcollaborate to provide complete solutions insetting up 2G Ethanol plants in terms of Process License, Technology Knowhow, Basic Engineering, Engineering, Procurement and Construction (EPC) or Engineering, Procurement and Construction Management (EPCM).

Mr. SubramanianSarma, MD &CEO of UHHydrocarbonEngineering, said, "We are delighted to be part of thisinitiative undertaken by the Government ofIndia,and it is inline withourcommitment toNation Building.The 2G Ethanol projects willheralda new ageof technologicaladvancement and willfuel India's green economicgrowthengine. LTHEwill

leverageits vast experiencein engineering,construction and projectmanagement tomeetchallenges anddeliver the 2G Ethanolprojects".

Background:

Larsen&Toubrois anIndian multinational engagedin technology, engineering, construction, manufacturing and financial serviceswith over USD16 billion in revenue. It operatesin over 30countries worldwide. A strong, customer-focusedapproach and theconstant questfor top-class quality have enabledL&T to attainand sustainleadership in its major lines of business for over sevendecades.

Instituteof Chemical Techno logy was established as the University Department of Chemical Technology (UDCT) on 1st October 1933 by the University of Mumbai, through active support of

industries andphilanthropists. Research hasbeen anintegral part of the department since its inception. The UDCTgrew significantlyin statureand was granted autonomyunder UGC regulations by theUniversity of Mumbai andfurther convertedin to an Instituteon 26th January 2002.It was granteddeemed university status in 2008, and wasrenamed as ICT.