Top 4 companies that will benefit from govt’s electrolyser incentive scheme

livemint.com:

clean and sustainable energy source: green hydrogen. India is poised well towards meeting the essential climate goals it has set out for itself at different global fora over the last several years. The recent announcement of the detailed guidelines for the Production Linked Incentive (PLI) schemes for green hydrogen production and electrolyser manufacturing by MNRE under the flagship SIGHT programme of the National Green Hydrogen Mission is one such step.

In July, India invited pilot bids under its US$ 2 billion (bn) programme to incentivise the production of green hydrogen and the manufacturing of electrolysers. The pilot bid process attracted immense interest from leading Indian companies, with twenty heavyweights like Reliance Industries, Adani Group, Jindal India, Larsen & Toubro, and Bharat Heavy Electricals vying for electrolyser manufacturing incentives. This strong participation underscores the industry's confidence in the program's potential and India's commitment to green hydrogen development.

Electrolyser PLI would be provided for five years starting from the date of commencement of manufacturing of electrolysers. Incentives would start at ₹4,400/kW gradually, tapering down over five years. On 15 December, both sets of bids for green hydrogen production and electrolyser manufacturing, were officially opened.

With the evaluation process now underway, here are 4 listed companies chosen for the electrolyser incentive scheme. First on the list is Advait Infratech. It is involved in manufacturing optical fibre ground wire (OPGW), OFC cables, aluminium-clad steel wire, emergency restoration systems, and OPGW joint boxes.