The Solar Energy Corporation of India (SECI), the implementing agency of the National Green Hydrogen Mission, has issued Letters of Award (LoA) to nine companies for setting up green hydrogen production facilities. These companies will also receive incentives under the government’s programme, as per an order from the Central Public Sector Undertaking (CPSU).
Nine Companies Selected Under Tranche II
Out of 14 bidders, nine companies emerged as the lowest bidders under Tranche II of Mode I and secured the awards. The selected companies include:
- Reliance Green Hydrogen and Green Chemicals Ltd
- L&T Energy Green Tech Ltd
- Waaree Clean Energy Solutions Private Ltd
- Oriana Power Ltd
- Green Infra Renewable Energy Farms Private Ltd (Sembcorp)
- Suryadeep KA1 Project Private Ltd (Insolare)
- GH2 Solar Private Ltd
- AM Green Ammonia (India) Private Ltd
- Matrix Gas and Renewables Ltd
These companies will have 36 months from the issuance date (February 28 and March 17, 2025) to commission their full production capacities.
Previous Tranche I Winners
In January 2024, SECI announced the first list of winners under Tranche I of Mode I. The selected companies included:
- Reliance Green Hydrogen and Green Chemicals Ltd
- ACME Cleantech Solutions Private Ltd
- Greenko ZeroC Private Ltd
- Torrent Power
- HHP Two Private Ltd
- Welspun New Energy
- CESC Projects Ltd
- UPL Ltd
- JSW Neo Energy Ltd
Reliance Green Hydrogen and Green Chemicals Ltd is the only company to win incentives in both Tranche I and Tranche II. The Reliance Group is currently constructing a Giga Factory in Jamnagar, Gujarat, dedicated to green hydrogen production facilities.
Government’s Incentive Structure
For the second tranche, the Ministry of New and Renewable Energy invited bids to establish 4,50,000 tons per year of green hydrogen manufacturing capacity, with a total allocated incentive of ₹5,400 crore.
The government has set the following incentive caps under this tranche (Mode I):
- ₹50 per kg in the first year of production
- ₹40 per kg in the second year
- ₹30 per kg in the third year
National Green Hydrogen Mission (NGHM) Funding
The NGHM has an initial outlay of ₹19,744 crore, with ₹17,490 crore allocated for production-linked incentives (PLIs). This includes:
- ₹13,050 crore for green hydrogen and its derivatives
- ₹4,440 crore for electrolyser manufacturing incentives
Under the government’s guidelines, companies can bid twice for green hydrogen production within the same mode but cannot apply across different modes.
As reported by moneycontrol.com, with this initiative, India continues to push forward its clean energy goals, strengthening its position in the global green hydrogen market.
