Kandla Port: L&T, RIL to invest ₹1 lakh crore in green energy; Deendayal Port Authority allots 14 land parcels

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Economic Times report. According to industry executives, the cumulative investment in these projects could reach up to ₹1 lakh crore, making it one of the largest investments in the green energy infrastructure space in India, added the report. Also Read | Indian Oil Corporation share price Today Live Updates: Indian Oil Corporation Stock Rises on Positive Trading Day The port authority had received expressions of interest for 14 land parcels of 300 acres each in October 2023, with each parcel earmarked for 1 million tonnes per annum (MTPA) of green ammonia production.

Last month, DPA allotted the plots to the four companies, with RIL securing six plots, L&T five, Greenko Group two, and Welspun New Energy one, as per the report. “DPA offered 14 plots with around 4,000 acres of land in total. Of these, RIL has been allotted six plots, L&T has been allotted five, Greenko Group has bagged two and Welspun New Energy has been allotted one plot.

These four companies had bid the highest in the auction," said one of the executives, as quoted by Economic Times. Also Read | Tata Steel, JSW ,Vedanta, Hindalco, SAIL share price rise up to 4%: Amongst top Nifty-50 gainers as metals pack shines Livemint could not independently verify this news. The move is part of the National Green Hydrogen Mission, which aims to make India a global hub for green hydrogen production, utilisation, and export.