IndianOil finalises India's largest Green Hydrogen project at Panipat
IndianOil
has finalised the Levelized Cost of
Hydrogen
(LCOH) for setting up a 10,000 Tonnes Per Annum
Green Hydrogen
Generation Unit at its Panipat Refinery & Petrochemical Complex.
This project marks IndianOil's entry into the green hydrogen sector and will be the largest green hydrogen initiative in India to date.
The company in a statement on Friday, stated that "Slated for commissioning by December 2027, the Green Hydrogen produced will replace fossil-derived Hydrogen in refinery operations, resulting in substantial reduction in Carbon emissions".
The plant is expected to be commissioned by December 2027. The green hydrogen produced at this facility will replace the fossil-fuel-based hydrogen currently used in the refinery's operations.
This transition is expected to significantly cut down carbon emissions, helping IndianOil move towards a more sustainable and environment-friendly model.
The company also added that this initiative is in line with Prime Minister Narendra Modi's vision under the National Green Hydrogen Mission and forms a critical part of IndianOil's larger decarbonization strategy.
The project also supports the company's Net Zero target and demonstrates its commitment to leading India's shift towards a cleaner and greener energy future.
Earlier,
Arvinder Singh Sahney
, Chairman of IOC, during an exclusive conversation with at the World Economic Forum 2025 in Davos, Switzerland, stated that the plant, with a production capacity of 10,000 tons per annum, had made substantial progress.
"Green hydrogen plant is now alive. We have got very good bids for it. And now the tenders are under evaluation. And within a month or so, we will be able to award the job, and within two years, that green hydrogen, the 10,000 tons per annum plant at Panipat (Haryana) will be commissioned" he said.
The plant aims to bolster India's green energy mission, contributing to a sustainable and carbon-neutral future.
With this landmark project, IndianOil further strengthens its leadership in the country's energy transformation journey.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 hours ago
- Time of India
20L formal job additions reported in May; surge spans gender, sectors & regions: EPFO
EPFO India's organised sector witnessed its strongest monthly expansion to date in May, with Employees' Provident Fund Organisation (EPFO) reporting net payroll additions of over 20 lakh, the highest since formal tracking began in April 2018, provisional data from labour ministry showed on Monday. The surge spans gender, sectors and regions, underscoring steady formalisation of the workforce. Union labour and employment minister Mansukh Mandaviya described the milestone as "a testament to the growing strength of India's formal employment landscape". He credited it to "the direct result of PM Narendra Modi's visionary leadership and govt's unwavering commitment to pro-youth, pro-worker reforms", adding that "ease of doing business and economic empowerment is yielding tangible outcomes for a Viksit Bharat". Women's participation in the formal workforce also saw strides, with net female payroll additions reaching 4,25,000, marking a 7.5% increase over April and a 15% year-on-year rise. First-time formal job entrants numbered 9,42,000, up from 8,49,000 in April, driven largely by youth - workers aged 18-25 - who accounted for 8,73,000 net additions amid a 15.1% month-on-month rise. Job-switchers who transferred their EPFO accounts without withdrawing funds totalled 16 lakh in May, rising 2.1% from April and 14.3% from last year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like We Have No Words For Dog The Bounty Hunter's Transformation Cash Roadster Undo The ministry noted that such behaviour "safeguards long-term financial well being and extends their social security protection". Sector-wise, manpower suppliers led with around 4,63,000 hires, followed by expert services at 1,38,000. Industries spanning textiles, garments, security, contracting, engineering, cleaning and finance contributed significantly, collectively supporting the surge. Regionally, Maharashtra led the pack by contributing 20.3% of net additions, with Karnataka, Tamil Nadu, Gujarat, Haryana, Delhi, Uttar Pradesh and Telangana each delivering over 5%. Together, the top five states and UTs accounted for nearly 60% of national payroll growth. May's historic payroll figures reflect more than seasonal hiring - it signals an evolving economic structure where formal employment, especially among youth and women, is gaining traction. The sharp rise in first-time entrants and account portability suggests enhanced job confidence and workforce fluidity. Still, sustaining this momentum hinges on ensuring the longevity and quality of these emerging formal jobs, requiring stronger skill development and social protection frameworks to translate job numbers into secure, resilient livelihoods across the economy. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
5 hours ago
- Time of India
Gujarat government waives ₹200 ownership certificate fee under SVAMITVA scheme
AHMEDABAD : The Gujarat government has decided to waive the Rs 200 fee for ownership certificates under the SVAMITVA scheme , easing the financial burden on rural property owners, an official said on Monday. Property holders in rural areas of Gujarat can now get the "sanad" or ownership certificate under the SVAMITVA scheme free of cost, he said. SVAMITVA Yojana is a central scheme launched by Prime Minister Narendra Modi in 2021 for issuing property cards to rural landholders across the country. Under the 'Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas (SVAMITVA) Scheme, drone technology is being used to survey properties in inhabited rural areas, and property cards are issued to the residents. The first copy of the property card is provided to owners free of cost under the scheme, an official release said. With Chief Minister Bhupendra Patel 's decision to waive the Rs 200 survey fee under the Land Revenue Act, 1879, rural residents will now receive both the property card and "sanad" (ownership certificate) for free, it stated. The state government will bear an estimated Rs 50 crore to distribute around 25 lakh such certificates across Gujarat, the release said.
Time of India
7 hours ago
- Time of India
PM & FM: Meghalaya blueprint for resilient, self-reliant India
Shillong: Prime Minister Narendra Modi on Monday praised Meghalaya's transformative journey, calling it a "blueprint for a resilient and self-reliant India." His remarks came in response to a post by Union minister of finance and corporate affairs, Nirmala Sitharaman , on X, highlighting the state's progress. The PM noted the key drivers of Meghalaya's transformation — from community-led tourism and youth empowerment to women-led self help groups (SHGs). The PM wrote on X, "Union Finance Minister Smt. @nsitharaman highlights Meghalaya's remarkable transformation driven by tourism, youth empowerment, women-led SHGs, initiatives like the PM Suryaghar Muft Bijli Yojana, the Vibrant Village Programme and more. With strong government support and vibrant community spirit, the state stands as a blueprint for a resilient and self-reliant India". The appreciation follows an article authored by Nirmala Sitharaman, in a national daily after her four-day visit to Meghalaya from July 10–13. Reflecting on her experience, she wrote, "Throughout this journey, I was moved by the determination, optimism, and harmony with nature that define the people of Meghalaya. With government support and community spirit aligned, Meghalaya today offers a blueprint for a vibrant, confident, and self-reliant India". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo "The acknowledgement by the country's top leadership comes as a significant encouragement for the state, further reinforcing Meghalaya's model of inclusive and sustainable development, under the leadership of chief minister Conrad K Sangma," an official statement said.
