Reliance, L&T, Greenko, Welspun Secure Land For Green Hydrogen Production At Deendayal Port Authority
In a significant development for India's renewable energy sector, Reliance Industries, Larsen & Toubro (L&T), Greenko Group, and Welspun New Energy have secured land parcels at Gujarat's Deendayal Port Authority (DPA) in Kandla to establish green hydrogen and green ammonia production units.
According to reports, the aggregated investment in these projects is projected to soar to a staggering Rs 1 lakh crore, positioning it as one of the largest investments in the green energy infrastructure domain in India.
As per reports, DPA allocated 14 plots encompassing approximately 4,000 acres of land. Among these allocations, Reliance Industries secured six plots, while L&T and Greenko Group acquired five and two plots respectively.
Welspun New Energy clinched one plot in this allocation. Notably, these four companies emerged as the top bidders in the auction process.
"The 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," reports state.
The National Green Hydrogen Mission, under which these projects are being undertaken, aims to achieve a green hydrogen production capacity of 5 MTPA by 2030. Additionally, it targets an associated renewable energy capacity addition of approximately 125 GW and a cumulative reduction in fossil fuel imports by over Rs 1 lakh crore.
This ambitious initiative underscores India's commitment to advancing its renewable energy landscape and reducing its dependence on fossil fuels, aligning with global efforts to combat climate change. With major players like Reliance Industries, L&T, Greenko Group, and Welspun New Energy investing heavily in green energy infrastructure, the nation is poised to make significant strides towards a sustainable energy future.
