Bharat Petroleum Corporation Limited (BPCL) has won the Green Hydrogen Project of the Year – India award at the Asian Oil & Gas Awards 2026 for its 5 MW green hydrogen plant at Bina Refinery in Madhya Pradesh. The recognition highlights BPCL’s efforts to advance clean energy technologies and accelerate India’s transition towards a low-carbon economy. The project aligns with the Government of India’s National Green Hydrogen Mission and the country’s Net Zero 2070 vision. Furthermore, it supports BPCL’s commitment to reducing its Scope 1 and Scope 2 emissions by 2040.

BPCL Commissions 5 MW Green Hydrogen Plant at Bina Refinery

BPCL has commissioned the 5 MW green hydrogen plant at Bina Refinery, establishing a significant milestone in the integration of green hydrogen into India’s refining sector. The company completed the project in just 15 months, demonstrating its focus on efficient project execution and operational excellence. The facility uses advanced alkaline water electrolysis technology to produce approximately 2.15 metric tonnes of green hydrogen per day, with an energy consumption of 50.75 kWh per kilogram of hydrogen. The plant features two advanced alkaline electrolysers and a purification system capable of delivering hydrogen with 99.999% purity. Powered entirely by renewable energy, the facility will supply high-purity green hydrogen for integration into refinery operations.

Green Hydrogen Plant to Reduce Carbon Emissions

One of the key benefits of BPCL’s Bina green hydrogen project is its potential to replace conventionally produced grey hydrogen with renewable-powered green hydrogen. This transition is expected to reduce carbon dioxide emissions by approximately 9,000 metric tons annually. Consequently, the project will contribute to industrial decarbonisation while supporting BPCL’s emissions-reduction targets. Moreover, the facility will demonstrate the technical feasibility of integrating green hydrogen into existing refinery operations, potentially encouraging wider adoption of the technology across the refining industry.

Project Advances India’s National Green Hydrogen Mission

BPCL’s Bina green hydrogen plant supports India’s broader ambition to establish a competitive hydrogen-based economy. By combining renewable energy with hydrogen production, the project advances the objectives of the National Green Hydrogen Mission. Green hydrogen can help decarbonise energy-intensive industries, including refining, fertilisers and chemicals, where reducing emissions through conventional electrification can be challenging. The project also supports India’s long-term Net Zero 2070 vision by demonstrating how cleaner hydrogen production can contribute to more sustainable industrial processes.

Asian Oil & Gas Awards Recognise BPCL’s Clean Energy Leadership

The Asian Oil & Gas Awards recognise organisations that demonstrate innovation, operational excellence and measurable contributions across the oil and gas value chain. BPCL’s award for its Bina green hydrogen plant highlights the company’s investment in emerging clean energy technologies and its efforts to transform conventional refining operations. As reported by indianmasterminds.com, the recognition reinforces BPCL’s commitment to sustainable growth, technological innovation and lower-carbon energy solutions. As India expands its green hydrogen ecosystem, projects such as the Bina facility could play an important role in accelerating industrial decarbonisation and strengthening the country’s clean energy capabilities.

India’s oil marketing companies (OMCs) have barred the use of sugarcane juice, sugar syrup and B-heavy molasses for ethanol production during the 2026–27 supply period to safeguard domestic sugar availability. The move comes amid concerns over sugarcane production and the potential impact on national sugar stocks. Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum have invited bids for approximately 11 billion litres of ethanol for the supply period beginning in November 2026. However, the procurement guidelines exclude ethanol produced from sugarcane juice, sugar, sugar syrup and B-heavy molasses.

Centre Prioritises Domestic Sugar Availability

The restriction aims to protect domestic sugar supplies and help maintain price stability. Concerns over below-normal rainfall in key sugarcane-producing states, particularly Maharashtra and Karnataka, have raised questions about the upcoming harvest and its potential impact on sugar production. Consequently, policymakers are prioritising sugar availability for domestic consumption rather than diverting additional sugarcane-derived feedstocks towards ethanol production.

Ethanol Producers to Shift to Alternative Feedstocks

Under the revised procurement guidelines, ethanol manufacturers must rely on alternative feedstocks to meet their supply commitments. The OMCs have permitted bids for ethanol produced from:

Maize

Broken rice

Damaged foodgrains

C-heavy molasses

Surplus rice procured through the Food Corporation of India (FCI)

This shift is expected to increase the importance of grain-based ethanol production and alternative feedstock supply chains during the 2026–27 ethanol supply period. The guidelines also prohibit the procurement of ethanol from external sources and require participating companies to use their own licensed distilleries.

India Maintains Its E20 Ethanol Blending Programme

Despite the restrictions on sugar-based feedstocks, India intends to continue its ethanol blending programme. The E20 mandate requires petrol to contain 20% ethanol, helping reduce dependence on imported crude oil. Ethanol producers can continue supplying the programme using permitted grain-based feedstocks and C-heavy molasses. This approach seeks to balance the country’s renewable fuel objectives with the need to protect domestic food supplies.

OMCs Reduce Incentives for Maize-Based Ethanol

Alongside the feedstock restrictions, the OMCs have reduced the incentive for maize-based ethanol from ₹5.79 to ₹2.79 per litre. As a result, the procurement price has fallen from ₹71.86 to ₹68.86 per litre. The reduction could put pressure on profit margins for producers supplying maize-based ethanol, particularly those facing higher grain procurement, processing and transportation costs. Therefore, manufacturers will need to assess feedstock availability, production costs and operating efficiency to remain competitive under the revised procurement structure.

Feedstock Availability to Shape Ethanol Supply in 2026–27

The ethanol supply period will run from November 2026 to October 2027. During this period, grain availability, transportation infrastructure and fluctuations in open-market crop prices will influence procurement costs and the ability of producers to fulfil contracts. Moreover, increased reliance on maize and other grains could intensify competition for agricultural feedstocks, making efficient sourcing and supply-chain management increasingly important.

Balancing Sugar Security with Energy Independence

India is the world’s largest sugar consumer and has expanded ethanol blending to reduce its dependence on imported crude oil. However, diverting sugarcane and sugar-derived products towards ethanol production can tighten domestic supplies when sugar production faces weather-related constraints. By restricting sugar-based ethanol feedstocks while permitting alternatives, the government aims to balance food security with its renewable fuel ambitions. As reported by tribuneindia.com, the effectiveness of this approach will depend on the availability and affordability of alternative feedstocks and the ability of ethanol producers to maintain supplies throughout the 2026–27 procurement cycle.

ENGIE plans to invest approximately €3 billion in India to expand its energy portfolio from around two GW to 7 GW by 2030. ENGIE CEO Catherine MacGregor outlined the company’s growth strategy, highlighting opportunities in renewable energy, energy storage and emerging sectors such as data centres. To achieve its target, ENGIE aims to add an average of approximately 1 GW of capacity annually, strengthening India’s position within its global operations.

ENGIE to Expand Renewable Energy and Storage Projects

ENGIE’s expansion strategy focuses on developing new renewable energy projects and energy storage infrastructure. The company also sees emerging opportunities in the data centre sector, where reliable and sustainable electricity supply is becoming increasingly important. The planned investment will cover projects under construction as well as operational assets. However, ENGIE has yet to finalise the financing structure for its expansion. MacGregor said the company was evaluating a combination of debt and equity to fund the investment.

GIFT City to Support Project Financing

As part of its financing strategy, ENGIE has applied to establish a treasury operation at Gujarat International Finance Tec-City (GIFT City). According to MacGregor, the proposed operation would help facilitate financing for the company’s projects in India. This move could strengthen ENGIE’s financial capabilities as it scales up its investments and develops additional renewable energy capacity.

ENGIE Strengthens Its Presence in India

ENGIE operates across several energy markets worldwide, including France, the UK, Belgium and Brazil. Although India currently represents a medium-sized market for the group, the company aims to elevate it into its leading markets. To support this ambition, ENGIE is strengthening its execution capabilities across engineering, construction, operations and maintenance. The company is also developing in-house expertise to improve project delivery and operational performance. MacGregor noted that adding approximately 1 GW of capacity annually in India would represent a significant contribution compared with the company’s global annual capacity additions.

Grid Connectivity and Land Access Remain Key Challenges

Despite the growth opportunities, ENGIE faces infrastructure-related challenges in expanding its renewable energy portfolio. MacGregor identified grid connectivity as a key bottleneck, explaining that some projects are ready to operate but must wait for grid connections. Land access also remains an important consideration for project development. However, she indicated that congestion during solar generation hours has not been a significant issue for ENGIE’s operations. Addressing these constraints will be essential to accelerate renewable energy deployment and ensure that new capacity can deliver electricity efficiently.

Battery Storage Could Help Overcome Grid Constraints

ENGIE sees solar power combined with battery energy storage systems (BESS) as an important part of India’s evolving energy landscape. By storing electricity generated during periods of high solar output and supplying it at other times, battery storage can help improve the flexibility of renewable energy systems. Furthermore, the Indian government’s growing emphasis on energy storage could create additional opportunities for companies developing integrated renewable energy solutions. These technologies can help distribute electricity supply more effectively throughout the day and potentially ease certain grid constraints.

ENGIE Remains Open to Strategic Acquisitions

Alongside organic growth, ENGIE remains open to inorganic opportunities that could accelerate its expansion in India. Strategic acquisitions could help the company strengthen its portfolio, enter new markets and expand its renewable energy capabilities. Nevertheless, the company intends to maintain financial discipline as competition intensifies in India’s renewable energy sector. MacGregor emphasised the importance of protecting investment returns in a competitive market, highlighting the need to balance rapid expansion with sustainable project economics.

India Becomes a Strategic Growth Market for ENGIE

ENGIE’s proposed €3 billion investment reflects its long-term confidence in India’s renewable energy market. By targeting 7 GW of capacity by 2030, the company aims to strengthen its position through renewable energy projects, battery storage and improved execution capabilities. However, achieving this goal will depend on securing financing, accessing land, obtaining grid connectivity and maintaining attractive investment returns. As reported by newzchain.com, the company’s ability to address these challenges will shape the pace of its expansion and its ambition to make India one of its leading global markets.

Global investment firm KKR plans to invest more than ₹6,000 crore in Gentari Renewable India, the clean energy arm of Malaysia-based Petronas. The proposed investment aims to support the company’s renewable energy expansion and green hydrogen projects across India. The funding is expected to strengthen Gentari’s project pipeline, support existing joint ventures and accelerate its growth in India’s evolving clean energy sector.

KKR Investment to Support Renewable Energy Growth

The proposed investment will help Gentari expand its renewable energy portfolio and advance its green hydrogen ambitions. By securing a financial partner, the company aims to strengthen its capacity to develop and execute projects across India. Moreover, the funding reflects growing investor interest in India’s clean energy market, where renewable power generation and emerging low-carbon technologies are attracting significant capital.

Gentari Expands Its Renewable Energy Portfolio

Gentari has continued to strengthen its renewable energy business through strategic investments and acquisitions. In early 2025, the company acquired a 1.6 GW portfolio of renewable energy projects from Brookfield, further expanding its clean energy presence. As the company pursues additional growth opportunities, access to long-term capital will play an important role in developing new projects and supporting its expanding portfolio. Standard Chartered Bank has been advising Gentari on its search for a financial partner.

Partnerships Advance Green Hydrogen and Ammonia Projects

Gentari has established partnerships to expand its renewable power generation and green molecule businesses. Its collaboration with ReNew focuses on solar and wind power projects. Meanwhile, its partnership with AM Green supports the development of green hydrogen and green ammonia production. These partnerships align with India’s efforts to expand renewable energy capacity and develop green hydrogen as a potential lower-emission alternative for industrial applications.

Investment Highlights Growing Interest in India’s Clean Energy Sector

The proposed KKR investment underscores the increasing role of private capital in financing India’s energy transition. Renewable power and green hydrogen projects require substantial investment to develop infrastructure, scale production and establish commercially viable operations. As reported by projectstoday.ai, if completed, the investment could strengthen Gentari’s ability to advance its renewable energy and green hydrogen pipeline while supporting the broader development of India’s clean energy ecosystem.

Indo Rama Synthetics (India) Limited approved a capital expenditure (capex) plan of approximately ₹200 crore to expand speciality filament and fibre production at its Butibori plant in Nagpur, Maharashtra. Through this investment, the company aims to strengthen its manufacturing capabilities and expand its presence in the value-added synthetic fibres segment. The Board of Directors approved the investment at a meeting held on October 16, 2026. The company expects to commence commercial operations of the new capacity within the next 12 to 18 months.

Expansion to Focus on Speciality Filaments and Fibres

The proposed expansion will increase Indo Rama Synthetics’ production capabilities in speciality filaments and fibres, which serve a range of industrial and textile applications. By focusing on these value-added products, the company aims to diversify its product portfolio and strengthen its position in the synthetic fibres market. Moreover, the investment aligns with the industry’s growing emphasis on specialised materials and differentiated products.

Indo Rama Outlines Project Execution Plan

Indo Rama Synthetics will execute the project alongside its wholly owned material subsidiary, Indorama Ventures Yarns Private Limited. This arrangement will support project implementation while enabling the company to strengthen its manufacturing operations at Butibori, a key industrial location in Maharashtra. The company expects to complete the expansion and begin commercial operations within 12 to 18 months, allowing it to bring the additional capacity online in the near term.

Investment Strengthens Focus on Value-Added Products

The Butibori expansion highlights Indo Rama Synthetics’ strategy to strengthen its presence in the speciality synthetic fibres segment. By increasing production capacity for higher-value products, the company aims to broaden its market opportunities and enhance its manufacturing capabilities. As reported by scanX, the successful execution of the project and the timely commissioning of the new capacity will be important to the company’s growth strategy.

AstraZeneca Pharma India inaugurated a corporate office in Mumbai, strengthening its presence in India and supporting its ambition to transform healthcare through scientific innovation. The move reinforces the company’s commitment to advancing medical research, improving access to innovative treatments and collaborating with India’s healthcare ecosystem. Spread across 25,600 sq ft, the office was inaugurated by Devendra Fadnavis, Chief Minister of Maharashtra, alongside senior government officials, diplomatic representatives and members of the AstraZeneca team.

AstraZeneca Strengthens Healthcare Innovation in India

The Mumbai office marks an important step in AstraZeneca’s growth strategy in India. By strengthening its presence in the country’s commercial and healthcare ecosystem, the company aims to accelerate collaboration, support scientific advancement and improve patient access to innovative medicines. Over the past three years, AstraZeneca has introduced more than 25 new medicines and indications in India. In addition, the company is conducting approximately 80 global clinical trials in the country, strengthening India’s contribution to international medical research and the development of new treatments. These initiatives reflect AstraZeneca’s focus on advancing scientific discoveries and helping deliver the right medicines to the right patients more quickly. The company’s expanded presence could also strengthen collaboration between pharmaceutical businesses, healthcare institutions and other stakeholders across the region.

Focus on Patient Access and Innovative Treatments

Praveen Rao Akkinepally, Country President and Managing Director of AstraZeneca Pharma India, said India was at an important stage in healthcare development, with increasing demand for earlier diagnosis, innovative treatments and more equitable access to healthcare. He explained that the stronger presence in Mumbai would help AstraZeneca work more closely with partners across the healthcare ecosystem and develop solutions that address the needs of patients in India.

Investment in Talent and Capability Development

The new office will also support AstraZeneca’s continued investment in talent development and organisational capabilities in India. As the company expands its operations, it plans to create opportunities for professionals working across healthcare, science, technology and related functions. Furthermore, AstraZeneca aims to attract and develop diverse talent across its value chain, strengthening the skills and capabilities required to support future innovation.

AstraZeneca Advances Its Healthcare Mission

AstraZeneca’s stronger footprint in Mumbai forms part of its broader global mission to advance equitable healthcare through science and innovation. As reported by biospectrumindia.com, by combining its growing presence in India with continued clinical research, talent development and collaboration across the healthcare ecosystem, the company aims to contribute to medical innovation and improve access to advanced treatments for patients.

KSB Limited has secured an order worth approximately ₹85 crore from Oil and Natural Gas Corporation (ONGC) to replace seven main injection pumps. The contract strengthens KSB’s presence in the energy equipment sector and highlights its expertise in specialised pumping solutions for the oil and gas industry. The order also adds to the company’s business momentum in high-specification industrial equipment, particularly in the energy sector.

₹85 Crore Contract Strengthens KSB’s Energy Portfolio

Under the contract, KSB will replace seven main injection pumps for ONGC. The project highlights the importance of reliable, high-performance pumping systems in oil and gas operations, where equipment reliability and operational efficiency are critical. Furthermore, the order reinforces KSB’s position as a supplier of engineered pumping solutions for demanding energy applications.

KSB Reports Growth in Sales Revenue

KSB recorded full-year sales revenue of ₹2,696 crore in calendar year 2025, registering a 6.42% increase compared with the previous year. As of the first quarter of CY2026, the company’s order book stood at ₹2,584.8 crore across the nuclear and conventional energy segments. This order backlog provides visibility into project execution and potential future revenue.

Order Highlights Demand for Specialised Pumping Solutions

The ONGC contract reflects the continuing need to replace and upgrade critical equipment across oil and gas infrastructure. Main injection pumps play an important role in maintaining fluid flow and supporting operational requirements in demanding industrial environments. As energy companies focus on equipment reliability and plant performance, specialised pump manufacturers such as KSB can benefit from replacement projects and maintenance-related investments.

Market Outlook for Industrial Pump Manufacturers

The ₹85 crore order strengthens KSB’s position in the engineered pumping equipment market. In addition, equipment replacement programmes by major energy companies such as ONGC can create opportunities for capital goods manufacturers supplying specialised pumps and related systems. As reported by sahi.com, the conversion of existing orders into revenue, along with new contracts from the energy sector, will remain important factors in KSB’s business performance.

Vedanta Limited has doubled the annual zinc production capacity of its South African operations to 500,000 tons following an investment of nearly US$600 million in the second phase of the Gamsberg zinc mine. South African President Cyril Ramaphosa and Vedanta Limited Director Priya Agarwal-Hebbar inaugurated the expanded capacity at the company’s flagship mining operation in the Northern Cape province. The expansion marks a significant milestone for Vedanta as it strengthens its global zinc production capabilities and supports South Africa’s industrial development.

Gamsberg Expansion Strengthens Vedanta’s Global Zinc Operations

The Gamsberg mine hosts one of the world’s significant zinc deposits. Its expansion represents one of South Africa’s major mining investments in recent years and forms part of Vedanta’s broader strategy to increase zinc production across India and South Africa. Through this expansion, Vedanta aims to strengthen its position in the global zinc market while meeting rising demand from industrial sectors.

Vedanta Targets Three Million Tons of Annual Zinc Production

Vedanta has set an ambitious target of achieving 3 million tonnes of annual zinc production across India and South Africa. Its subsidiary, Hindustan Zinc Limited, aims to contribute 2 million tons, while Vedanta Zinc International plans to increase its annual production to 1 million tonnes. This strategy will enable the company to expand its production capacity and strengthen its ability to serve customers across key industrial markets.

Zinc Demand Supports Industrial Growth

Zinc plays a vital role in galvanisation, which protects steel from corrosion and extends its service life. Consequently, the metal remains essential to the construction, automotive, infrastructure and manufacturing industries. By expanding its zinc production capacity, Vedanta aims to strengthen supply to these sectors and address growing global demand.

Investment Supports South Africa’s Industrial Development

The Gamsberg expansion forms part of Vedanta’s investment commitment of ZAR 21 billion, equivalent to nearly US$1.5 billion, announced at the 2018 South Africa Investment Conference. The project also follows President Ramaphosa’s call for greater Indian investment in key South African industries. During the inauguration, President Ramaphosa highlighted how the project had progressed from an investment commitment to construction and production. He also welcomed Vedanta’s plans to establish zinc smelting capacity in the Northern Cape and emphasised the importance of cooperation between the company and the government to address the project’s requirements.

Vedanta Plans a Zinc and Industrial Hub

Priya Agarwal-Hebbar said the expansion demonstrates Vedanta’s commitment to South Africa’s industrial development, employment generation and economic growth. She also highlighted the company’s long-term ambition to establish a zinc and industrial hub in the region. The proposed development could further strengthen the region’s industrial ecosystem and create opportunities for supporting industries.

Community Initiatives and Sustainability Commitments

Beyond its mining operations, Vedanta has invested nearly US$20 million in community initiatives in South Africa since acquiring Vedanta Zinc International in 2011. These programmes focus on healthcare, education, sports, livelihoods, infrastructure and social welfare, benefiting more than 32,000 people annually. Furthermore, the company opened an oncology centre in Namakwa earlier in 2026, reinforcing its focus on community healthcare. Vedanta operates across India, Africa, the Middle East and East Asia, with businesses spanning metals, critical minerals and related industries. As part of its sustainability strategy, the company has committed to achieving net-zero emissions by 2050 or earlier.

Expansion Positions Vedanta for Future Zinc Demand

With the Gamsberg expansion doubling its South African zinc production capacity, Vedanta is advancing its long-term growth strategy. As reported by themachinemaker.com, the company’s planned production increase across India and South Africa, combined with potential downstream investments, is expected to strengthen its presence in the global zinc industry while supporting industrial development and employment in South Africa.

Godavari Biorefineries Limited strengthened its intellectual property portfolio in life sciences by securing a United States patent for its invention titled “5-Hydroxy-1,4-Naphthalenedione for Use in the Treatment of Cancer.” The latest grant extends the company’s patent protection beyond India, China and Japan, reinforcing its research focus on compounds with potential applications in cancer treatment.

US Patent Expands Godavari Biorefineries’ Global IP Portfolio

The newly granted US patent covers a class of compounds being investigated for their ability to inhibit cancer cells and cancer stem cells. According to the company, the research indicates potential applications across several cancer types, including breast and prostate cancer. Furthermore, the patent strengthens Godavari Biorefineries’ international intellectual property presence in life sciences and supports its ongoing efforts to explore novel approaches to cancer treatment.

Company Highlights Commitment to Human Health and Innovation

Samir Somaiya, Chairman and Managing Director of Godavari Biorefineries Ltd, said, “Our approach to innovation is guided by a larger purpose: advancing human health and wellbeing. The Sanskrit mantra ‘सर्वे सन्तु निरामयाः’, meaning ‘Health for All’, reflects this commitment. The grant of this US patent marks an important milestone in our life sciences research, strengthening our intellectual property and advancing our work on compounds with potential applications in cancer treatment. It reinforces our belief that scientific progress should strive to make better health and wellbeing accessible to all, contributing to a healthier future for everyone.” He emphasised that the patent reflects the company’s broader commitment to scientific research and the development of potential healthcare applications.

Research Focuses on Cancer Cells and Cancer Stem Cells

Dr Sangeeta Srivastava, Executive Director of Godavari Biorefineries Ltd, highlighted the importance of sustained scientific research in developing novel molecules for potential cancer treatments. She said, “The development of novel molecules for potential applications in cancer treatment requires sustained scientific research and a deeper understanding of the mechanisms involved in cancer cell growth. This patent represents an important step in our research journey, particularly in exploring compounds that target cancer and cancer stem cells. Our focus remains on advancing scientific understanding and building on our research capabilities to explore potential approaches to complex human health challenges.” Her comments underscore the company’s focus on understanding cancer cell growth and investigating compounds that could contribute to future therapeutic approaches.

Four Researchers Named as Patent Inventors

Dr Sangeeta Srivastava is one of the four inventors named in the patent. The other inventors are Dr Sandip Gavade, Dr Prashant Kharkar and Dr Maithili Athavale. The US patent adds to Godavari Biorefineries Ltd’s existing intellectual property in life sciences and further strengthens its research portfolio in cancer-related applications.

Patent Milestone Strengthens Life Sciences Research

The latest patent grant marks another step in Godavari Biorefineries’ efforts to expand its life sciences research and protect its scientific innovations across international markets. As per the press release, while further research and development will determine the compound’s potential therapeutic applications, the patent strengthens the company’s intellectual property position and supports its long-term focus on exploring innovative approaches to cancer treatment.

The Asian Development Bank (ADB) and the government of Japan signed financing agreements with AM Green Ammonia (India) Pvt Ltd to support the development of a large-scale green ammonia plant in Kakinada, Andhra Pradesh. The project aims to produce ammonia using renewable energy, reduce emissions and establish a new export-oriented industry in India. The investment also marks the first project under the Action for Creating Energy Security for Long-term Resilience (ACCEL) initiative, which seeks to strengthen energy security through investments in sustainable energy solutions.

ADB and Japan Support Low-Carbon Ammonia Production

ADB President Masato Kanda highlighted the project’s potential to transform ammonia production and strengthen India’s position in the global clean energy market. “Ammonia is used every day to produce the fertilizer that helps feed the world,” Kanda said in a statement. “This project changes how we make it. By using renewable energy instead of fossil fuels, India can produce it with far lower emissions and at a scale that can help reshape this industry. As the first investment under ACCEL, it also shows how ADB and Japan can turn energy security into practical investments in new markets and jobs.”

Kakinada Plant to Produce 1.1 Million Tons of Green Ammonia Annually

The project will transform a former natural gas-based ammonia and urea complex in Kakinada into a renewable-powered green ammonia facility. Once fully developed, the plant is expected to produce approximately 1.1 million tons of green ammonia annually. By replacing fossil fuel-based production with renewable energy, the facility aims to reduce the carbon footprint of ammonia manufacturing. Moreover, the project could help establish India as a supplier of lower-emission ammonia for international markets. Ammonia is an essential raw material for fertiliser production and various industrial applications. Therefore, producing it with renewable energy could support the decarbonisation of industries that depend on conventional ammonia.

Japan-Backed $100 Million Loan to Finance the Project

The financing package includes a $100 million loan from the Leading Asia’s Private Infrastructure Fund 2 (LEAP-2). The Japan International Cooperation Agency (JICA) finances the fund, while ADB administers it. This investment represents a key step towards mobilising international development finance for large-scale clean energy infrastructure. In addition, it highlights cooperation between India, Japan and ADB to advance energy security and low-carbon industrial development.

Green Ammonia Project to Be Developed in Two Phases

AM Green will implement the Kakinada facility in two phases, with each phase comprising an ammonia production train with an annual capacity of 547.5 kilotonnes. Phase 1 will include the first ammonia production train and shared utilities designed to serve both phases. The company will finance and commission this phase first. Phase 2 will follow subsequently, subject to securing additional long-term offtake agreements. This phased approach will enable the company to align further development with market demand and long-term supply commitments.

Project Strengthens India’s Green Ammonia Export Potential

The project site previously housed a natural gas-based ammonia and urea complex acquired by AM Green, which is now being redeveloped for green ammonia production. As global demand for lower-carbon industrial feedstocks grows, the Kakinada facility could help India expand its green ammonia production capacity and develop new export opportunities. As reported by thehindubusinessline.com, the project aims to combine renewable energy, international financing and industrial infrastructure to support cleaner ammonia manufacturing and India’s broader energy transition.