India’s Green Hydrogen Prices Drop to USD 4.4/kg
POWER & RENEWABLE ENERGY

India’s Green Hydrogen Prices Drop to USD 4.4/kg

The cost of green hydrogen in India has fallen by more than USD 1 per kg in recent tenders floated by state-owned oil companies, Oil Minister Hardeep Singh Puri said on Thursday. Prices have dropped from USD 5.5 per kg to USD 4.4–4.5 per kg, signalling rapid progress in cost reduction for the zero-emission fuel.
At the World Hydrogen India conference organised by S&P Global, Puri highlighted that Larsen & Toubro quoted USD 4.5 per kg, inclusive of tax, in a tender for 10,000 tonnes per annum of green hydrogen production at Indian Oil Corporation’s Panipat refinery. The contract covers a 25-year supply period.
Subsequent tenders for 5,000 tonnes each from Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) attracted bids of USD 4.39 per kg from Ocior Energy, indicating further price competitiveness. Puri expressed confidence that newer tenders would drive prices down even further.
Green hydrogen, produced by splitting water into hydrogen and oxygen using renewable electricity, is a clean fuel alternative for industries such as steel, cement, chemicals, transport, and power generation. India has set a target of producing 5 million tonnes annually by 2030 under the National Green Hydrogen Mission, which was launched in 2021 to capture 10 per cent of the global market.
Puri described green hydrogen as the “fuel of the future” and said India was uniquely placed to scale production and consumption locally. He emphasised the urgency of transition, noting that several states had already announced dedicated policies to support the sector.
According to S&P Global Commodity Insights, global hydrogen demand is projected to grow 3.5 per cent annually to reach 220 million tonnes by 2050, with 60 per cent expected from low-carbon sources. India’s strategy aims to scale production, reduce costs, enable exports and establish itself as a trusted hub for green hydrogen. 

The cost of green hydrogen in India has fallen by more than USD 1 per kg in recent tenders floated by state-owned oil companies, Oil Minister Hardeep Singh Puri said on Thursday. Prices have dropped from USD 5.5 per kg to USD 4.4–4.5 per kg, signalling rapid progress in cost reduction for the zero-emission fuel.At the World Hydrogen India conference organised by S&P Global, Puri highlighted that Larsen & Toubro quoted USD 4.5 per kg, inclusive of tax, in a tender for 10,000 tonnes per annum of green hydrogen production at Indian Oil Corporation’s Panipat refinery. The contract covers a 25-year supply period.Subsequent tenders for 5,000 tonnes each from Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) attracted bids of USD 4.39 per kg from Ocior Energy, indicating further price competitiveness. Puri expressed confidence that newer tenders would drive prices down even further.Green hydrogen, produced by splitting water into hydrogen and oxygen using renewable electricity, is a clean fuel alternative for industries such as steel, cement, chemicals, transport, and power generation. India has set a target of producing 5 million tonnes annually by 2030 under the National Green Hydrogen Mission, which was launched in 2021 to capture 10 per cent of the global market.Puri described green hydrogen as the “fuel of the future” and said India was uniquely placed to scale production and consumption locally. He emphasised the urgency of transition, noting that several states had already announced dedicated policies to support the sector.According to S&P Global Commodity Insights, global hydrogen demand is projected to grow 3.5 per cent annually to reach 220 million tonnes by 2050, with 60 per cent expected from low-carbon sources. India’s strategy aims to scale production, reduce costs, enable exports and establish itself as a trusted hub for green hydrogen. 

Next Story
Infrastructure Urban

Ceigall JV Wins Rs 5.1 Billion Mohali Infra Project

EPC company Ceigall India on Sunday announced that it has secured an infrastructure project worth Rs 5.1 billion in a joint venture with JSP Projects.The Greater Mohali Area Development Authority (GMADA) has awarded the contract for the Aerotropolis project in Mohali, covering the construction of internal roads along with civil, public health and electrical works. The project will be executed within 24 months under an item-rate contract.Ramneek Sehgal, Chairman and Managing Director of Ceigall India, said: “The Aerotropolis project is a transformative urban initiative, and we are proud to co..

Next Story
Infrastructure Urban

Reloy Projects Rs 500 Million Revenue in FY26

HDFC Capital-backed proptech startup Reloy, which enables builders to generate referral sales, expects its revenue to grow by 75 per cent this fiscal to around Rs 500 million, supported by strong housing demand.The company reported a 60 per cent rise in gross revenue in FY25 to Rs 285 million, up from Rs 178 million in the previous year.“We are expecting to clock Rs 450–500 million in revenue in the current fiscal,” said Reloy founder and CEO Akhil Saraf...

Next Story
Building Material

Jindal Stainless to Invest Rs 7 Billion in Green Projects

Jindal Stainless announced on Thursday that it is investing Rs 7 billion in decarbonisation initiatives and has cut 318,248 metric tonnes of CO2 emissions in FY25.The company said it has undertaken several measures to reduce its carbon footprint, including commissioning Odisha’s largest captive solar plant. Over the next few years, JSL plans to channel Rs 7 billion into decarbonisation, energy efficiency upgrades, supply chain digitisation for transparency, and community initiatives in education, healthcare and skills development.In FY25, JSL achieved a 14 per cent year-on-year reduction in ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?