Jindal India had been granted a maximum subsidy of ₹444 crore to set up 300 MW of annual electrolyser manufacturing capacity. This has now been awarded to L&T Electrolysers.The ₹17,490-crore scheme grants subsidies to companies for setting up electrolyser manufacturing plants in India
Reliance Electrolyser Manufacturing, Jindal India and John Cockerill Greenko Hydrogen Solutions are among the six firms who have emerged as successful bidders for getting incentives to set up facilities to manufacture electrolysers, a critical component required for green hydrogen
Under the fresh bidding process, which is likely to be kicked off by the end of the month, lenders will run a fresh bidding process seeking separate interests for the insurance and non-insurance businesses, people familiar with the matter said.
Kolkata-based Jindal's plan was the only one that was submitted to the creditors till last week, as per the report. November 10 was the last date to submit the resolution plans for Future Enterprises Limited.
Mukesh Ambani-controlled Reliance Retail is already in the race to acquire the company. Earlier, Reliance Retail had sought time till October 30 to take a call on its bid for Future Enterprises.