GH2 is produced using electrolysis of water with electricity generated by renewable energy. Hydrogen blending is less carbon-intensive than burning gas but has the same heating capabilities. The project is expected to be commissioned by Q1 FY24-25 and the percentage of green hydrogen will be gradually increased in the blend to up to 8% or more, depending on regulatory approvals.
Mangaluru: Karnataka Bank posted half-yearly net profit of Rs 700 crore, for the half-year ended September 2023, up 33% compared to same period last y.