Government aims to produce 5 MT of renewable hydrogen by 2030

02 Feb 2023 CW Team

By 2030, the government hopes to produce 5 MT of green hydrogen, according to the Nirmala Sitharaman, Finance Minister's statement on the budget on Wednesday.

She added that the budget allocates Rs 350 billion for high-priority capital investments related to net zero and energy transition goals.

The government will fund the installation of 4,000 MwH of battery energy storage, and a green credit programme would also be announced in accordance with the Environmental Protection Act.

The National Green Hydrogen Mission was approved by the government on January 4, 2023, with an initial investment of Rs 197.44 billion. The mission's goals are to make India an energy-independent nation and to decarbonise key industries. By 2030, the mission will support the development of green hydrogen demand, its production, use, and export, as well as the mobilisation of more than Rs 8 lakh crore in capital.

India may position this decarbonisation potential not just within the context of a low-carbon economy but also as a facilitator of energy security and economic development for the country.

Also read:
Acme partners with Norfound to invest in renewable energy projects
NTPC invites bids for BoS for 1 GW Solar Projects

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..