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
Several companies, including Ohmium Operations, Reliance Electrolyser Manufacturing, Greenko, Jindal India, Advait Infratech, Larsen & Toubro (L&T) unit, and Homihydrogen, have emerged as winners in the first phase of the Indian government s ₹4,440-crore electrolyser incentive scheme. The scheme saw interest from 21 companies, and the results of the financial bids are subject to revision
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This is in line with India s ambitious target of having 500 GW of renewable energy by 2030 and its resolve to reduce overall power generation capacity from fossil fuels to less than 50 per cent. India has committed a net zero emission target by 2070.