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SECI Issues Letters of Award to Reliance, L&T, Waaree and Other 6 Companies for Green Hydrogen Projects

Written by: Team Angel OneUpdated on: Mar 20, 2025, 2:58 PM IST
SECI has awarded nine companies, including Reliance and L&T to set up green hydrogen production units under the National Green Hydrogen Mission.
SECI Issues Letters of Award to Reliance, L&T, Waaree and Other 6 Companies for Green Hydrogen Projects
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The Solar Energy Corporation of India (SECI), under the National Green Hydrogen Mission (NGHM), has granted Letters of Award (LoA) to nine companies to establish green hydrogen production facilities in India. These awards are part of the mission’s second phase (Tranche II, Mode I), which aims to boost green hydrogen production and promote advanced technology. Among the selected companies, Reliance Green Hydrogen and Green Chemicals Ltd are notable for securing incentives in both Tranche I and Tranche II. 

Selected Companies 

Out of 14 bidders, nine were chosen based on their competitive bids. The selected companies include Reliance Green Hydrogen and Green Chemicals Ltd, L&T Energy Green Tech Ltd, Waaree Clean Energy Solutions Pvt. Ltd, Oriana Power Ltd, Green Infra Renewable Energy Farms Pvt. Ltd. (Sembcorp), Suryadeep KA1 Project Pvt. Ltd. (Insolare), GH2 Solar Pvt. Ltd., AM Green Ammonia (India) Pvt. Ltd. and Matrix Gas and Renewables Ltd. 

Incentive Structure and Project Specifications

The Ministry of New and Renewable Energy allocated a total incentive of ₹5,400 crore for the production of 450,000 metric tons of green hydrogen annually. Incentives are set at ₹50 per kg for the first year, ₹40 per kg for the second year and ₹30 per kg for the third year. The auction was divided into two categories: technology-agnostic pathways, which saw 448,500 MT of production capacity awarded, and biomass-based pathways, with a smaller allocation of 1,500 MT. Selected companies must submit quarterly progress reports to SECI and can choose and modify project locations as needed.

Strategic Importance and Future Goals

This initiative is part of India’s broader strategy to scale up green hydrogen production, lower costs and encourage innovation in the field. The overall outlay for the NGHM is ₹19,744 crore, with ₹17,490 crore designated for production-linked incentives (PLIs). The program’s focus is to strengthen India’s position in the global green hydrogen market while contributing to sustainable development and reducing reliance on fossil fuels.

Conclusion

SECI’s initiative marks a significant step toward India’s green energy transition, strengthening its position in the global green hydrogen market while reducing its carbon footprint. SECI’s approach under the National Green Hydrogen Mission shows India’s commitment to sustainable growth. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Mar 20, 2025, 2:58 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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