Green Gold Rush: India's $2 Billion Hydrogen Plan Draws Giants
POWER & RENEWABLE ENERGY

Green Gold Rush: India's $2 Billion Hydrogen Plan Draws Giants

India's ambitious green hydrogen plan, backed by a generous $2 billion incentive program, has sparked a frenzied bidding war, attracting an array of major industrial players. Reliance Industries, JSW Energy, Torrent Power, and Bharat Petroleum are among the 14 companies vying for lucrative green hydrogen production contracts, according to the Solar Energy Corp of India (SECI).

But the competition heats up even further when it comes to electrolyzer manufacturing, the crucial technology behind green hydrogen production. A whopping 20 companies, including industry giants like Adani Group, Jindal India, Larsen & Toubro, and Bharat Heavy Electricals, have thrown their hats in the ring for electrolyzer manufacturing incentives. Bids for a massive 3.4 GW of electrolyzer capacity were received, exceeding the initial invitation of 1.5 GW, showcasing an overwhelming industry enthusiasm.

This fervent response bodes well for India's ambitious target of reaching 5 million tons of annual green hydrogen production capacity by 2030. With industry heavyweights like Acme Cleantech, Sembcorp Green Hydrogen, CESC, Greenko ZeroC, and Avaada GreenH2 competing for green hydrogen production contracts, the country is poised to witness a significant acceleration in this clean energy frontier.

Further adding to the excitement, companies like Waaree Energies, Ohmium Operations, Advait Infratech, and Acme Cleantech Solutions are vying for a slice of the lucrative electrolyzer manufacturing pie. This surge of interest indicates a burgeoning domestic electrolyzer manufacturing ecosystem, a critical step towards self-sufficiency in this nascent sector.

With the bidding process concluded, eyes now turn to SECI's evaluation and award of the coveted contracts. The chosen champions will have the responsibility of not just delivering on the immediate project goals but also paving the way for India's green hydrogen revolution, propelling the country towards a cleaner and more sustainable future.

India's ambitious green hydrogen plan, backed by a generous $2 billion incentive program, has sparked a frenzied bidding war, attracting an array of major industrial players. Reliance Industries, JSW Energy, Torrent Power, and Bharat Petroleum are among the 14 companies vying for lucrative green hydrogen production contracts, according to the Solar Energy Corp of India (SECI). But the competition heats up even further when it comes to electrolyzer manufacturing, the crucial technology behind green hydrogen production. A whopping 20 companies, including industry giants like Adani Group, Jindal India, Larsen & Toubro, and Bharat Heavy Electricals, have thrown their hats in the ring for electrolyzer manufacturing incentives. Bids for a massive 3.4 GW of electrolyzer capacity were received, exceeding the initial invitation of 1.5 GW, showcasing an overwhelming industry enthusiasm. This fervent response bodes well for India's ambitious target of reaching 5 million tons of annual green hydrogen production capacity by 2030. With industry heavyweights like Acme Cleantech, Sembcorp Green Hydrogen, CESC, Greenko ZeroC, and Avaada GreenH2 competing for green hydrogen production contracts, the country is poised to witness a significant acceleration in this clean energy frontier. Further adding to the excitement, companies like Waaree Energies, Ohmium Operations, Advait Infratech, and Acme Cleantech Solutions are vying for a slice of the lucrative electrolyzer manufacturing pie. This surge of interest indicates a burgeoning domestic electrolyzer manufacturing ecosystem, a critical step towards self-sufficiency in this nascent sector. With the bidding process concluded, eyes now turn to SECI's evaluation and award of the coveted contracts. The chosen champions will have the responsibility of not just delivering on the immediate project goals but also paving the way for India's green hydrogen revolution, propelling the country towards a cleaner and more sustainable future.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->