Indian Oil, L&T, ReNew to form JV to develop green hydrogen business

07 Apr 2022 CW Team

Indian Oil Corporation Ltd (IndianOil), Larsen and Toubro (L and T), and ReNew Power (ReNew) announced the signing of a binding term sheet for the formation of a Joint Venture (JV) business to grow India's embryonic green hydrogen sector in a bid to support the country's decarbonisation efforts.

The three-way partnership is a synergistic partnership that brings together L&T's strong credentials in EPC project design, execution, and delivery, IndianOil's established expertise in petroleum refining and presence across the energy spectrum, and ReNew's expertise in offering and developing utility-scale renewable energy solutions.

IndianOil and Land T have agreed to form a joint venture with equity involvement to manufacture and market electrolysers used in the production of green hydrogen.

SN Subrahmanyan, CEO and MD of Land T, informed about the joint venture, that India plans to rapidly advance in its decarbonisation efforts, and the production of Green Hydrogen is key in this endeavour. The IndianOil-Land T-ReNew JV will concentrate on establishing Green Hydrogen projects in a timely way to supply Green Hydrogen on a large scale.

In February, the central government announced the Green Hydrogen Policy, which aims to increase green hydrogen and green ammonia production to help the country become a global centre for the ecologically benign version of the element.

Nearly 80% of India's hydrogen is expected to be green by 2050, meaning it will be produced using renewable electricity and electrolysis. By 2030, green hydrogen may be the most cost-effective way to produce hydrogen. This might be fueled by cost reductions in major manufacturing technologies as well as clean energy technologies like solar PV and wind turbines.

Image Source

Infrastructure Transport

01 Sep 2025

Rs 2.82 Billion Approved for NH-48 Flyovers, Footbridges

Gurugram’s section of National Highway 48 is set for a significant infrastructure upgrade, with the Central Government approving Rs 2.82 billion for the construction of four flyovers and nine foot overbridges along the Gurgaon–Kotputli–Jaipur corridor. This initiative aims to ease congestion, improve commuter safety, and boost regional connectivity, according to officials.The planned flyovers will be built at Panchgaon Chowk, Rathiwas, near the Hero Company, and Sahlawas. The nine foot overbridges will be constructed at Shikhopur, Manesar, Binola, Rathiwas, Malpura, Jaisinghpurkhera, Sid..

VSL Wins Rs 810-Cr O&M Deal for 810 MWp NGEL Solar Assets

VSL Renewable Services has secured a Rs 810 crore operation and maintenance (O&M) contract for 810 MWp of NTPC Green Energy’s (NGEL) solar power projects spread across Andhra Pradesh, Madhya Pradesh, and Rajasthan. The contract duration is 36 months.The tender, issued in January 2025, was divided into two lots: Lot 1 for 1,054 MWp and Lot 2 for 810 MWp. VSL emerged as the lowest bidder in both categories, but was awarded only Lot 2 in accordance with NTPC’s tender guidelines.Advanced Monitoring and Tailored StrategiesThe O&M scope will employ artificial intelligence and Internet of..

AP Issues Bid for Rs 34.9 Billion Battery Storage Project

The Transmission Corporation of Andhra Pradesh (APTRANSCO) has invited bids for the development of 1,000 MW/2,000 MWh battery energy storage systems (BESS) across seven substations in the state. The project, with an estimated viability gap funding of up to Rs 34.9 billion, will be executed under a build, own, and operate (BOO) model through tariff-based competitive bidding.Bid Timeline and StructureBids must be submitted by 29 September 2025 and will be opened on 6 October. The VGF support per project is capped at Rs 1.8 million per MWh and will be released in three instalments—20 per cent u..