Under the government’s flagship green hydrogen promotion initiative, subsidies have been granted to L&T Electrolysers Ltd and Matrix Gas and Renewables Ltd, subsequent to Jindal India Ltd, a BC Jindal Group company, withdrawing from the scheme at the last minute due to disagreements with its international technology partner.
The subsidies are part of the ₹17,490 crore Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, aimed at supporting companies in establishing electrolyser manufacturing plants in India. L&T Electrolysers has been awarded the highest incentives amounting to ₹444 crore to establish an annual electrolyser manufacturing capacity of 300 megawatts.
Initially, the company was allocated 63 MW, but it received the increased allocation following Jindal India’s withdrawal. Matrix Gas and Renewables Ltd has received incentives worth ₹93 crore to establish a 63 MW annual electrolyser manufacturing capacity. As reported by Bharat Times, administered by the Solar Energy Corporation of India (Seci), the scheme operates under the Ministry of New and Renewable Energy (MNRE).
