Andhra Pradesh aims at $15 bn green hydrogen investment opportunity

06 Sep 2023 CW Team

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has assessed that there is a $15 billion investment opportunity in the green hydrogen sector within the state. By 2030, Andhra Pradesh aims to produce 500 KTPA (kiloton per annum) of green hydrogen, which can potentially be further processed into derivatives like green ammonia and green methanol. Achieving this target may require an estimated investment ranging from $10 billion to $15 billion.

A significant portion of this investment, roughly around 70%, is expected to be allocated to the development of renewable energy infrastructure, while the remainder will be used for expanding electrolyzer capacity. NREDCAP, in collaboration with the Foreign, Commonwealth, and Development Office under the 'Accelerating Smart Power and Renewable Energy in India' program, has published a white paper highlighting the investment potential in green hydrogen for Andhra Pradesh.

S Ramana Reddy, the Managing Director of NREDCAP, emphasised that Andhra Pradesh currently has a domestic hydrogen demand of 400 KTPA, which accounts for nearly 8% of India's industrial hydrogen demand. This demand is projected to grow at an estimated Compound Annual Growth Rate (CAGR) of 3%.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..