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Time of India
10 hours ago
- Business
- Time of India
Acme lowest bidder in latest green ammonia tender at record price
New Delhi: Acme Cleantech Solutions has emerged as the lowest bidder for supplying 75,000 tonnes of green ammonia under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme with a discovered price of Rs 55.75/kg for Paradeep Phosphate Ltd at its Paradeep facility. The price discovered is the lowest in any such tender. Explore courses from Top Institutes in Please select course: Select a Course Category others Data Analytics Artificial Intelligence CXO PGDM Leadership Technology Project Management Management Others Healthcare Finance Degree healthcare Public Policy Data Science Design Thinking Product Management Cybersecurity Data Science Operations Management Digital Marketing MBA MCA Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details 'The first-ever auction conducted by SECI for the procurement of green ammonia under the SIGHT Scheme (Mode-2A) has achieved a record low price discovery of ₹55.75/kg,' the Solar Energy Corporation of India (SECI), which conducted the auction, said. The discovered price translates to around $641/tonne, a substantial drop from the previously discovered price of $1,153/tonne in the H2Global auction, it said. With grey Ammonia prices reaching $515/tonne as of March 2025, this 10-year fixed-price bid provides strong economic rationale for off takers to initiate their clean energy transition journey, SECI said. Live Events The tender called for the production and supply of 724,000 tonnes of green ammonia annually across 13 fertilizer plants in this tranche which were listed in the tender. Some of the procurers enlisted in the bidding document were Indian Farmers Fertiliser Cooperative (IFFCO) in Kandla, Madras Fertilisers' Manali and Chennai units, Indorama India in Haldia, Mangalore Chemicals & Fertilisers' Panambur unit and Coromandel International 's Visakhapatnam unit. The reverse auction for price discovery is being done separately for each plant and in phases because of the complexity of bid evaluation, according to an industry official. SECI anchored the demand aggregation and will sign long-term offtake agreements, providing producers with market certainty over a 10-year contract period. The tender was issued in June 2024 and the last date was July 10 after many extensions over the year. The government is offering financial incentives under the National Green Hydrogen Mission, with Production Linked Incentives (PLI) of Rs 8.82/kg, Rs 7.06/kg, and Rs 5.30/kg for the first three years respectively, amounting to a total support of Rs 1,533.4 crore. India consumes approximately 17-19 million tonnes of ammonia annually, with more than 50% of its hydrogen requirement used in fertilizer production . However, most of this is derived from imported natural gas. Producing green hydrogen emits less than 2 kg of CO₂ per kilogram, compared to up to 12 kg CO₂ from conventional grey hydrogen, according to the Ministry of New and Renewable Energy.
Time of India
21-07-2025
- Business
- Time of India
Green hydrogen to power ₹10 lakh crore investment wave by 2030: Report
New Delhi: India's green hydrogen economy is gearing up for an investment wave of ₹10 lakh crore by 2030 as the country ramps up capacity to meet its ambitious National Green Hydrogen Mission (NGHM) targets, according to a report by Avener Capital . The report said India is targeting 5 million tonnes per annum (MTPA) of green hydrogen production and 20 GW of electrolyser manufacturing capacity by the end of this decade. The centrepiece of this push is the SIGHT (Strategic Interventions for Green Hydrogen Transition) Programme, with an outlay of ₹17,000 crore till FY2030. Solar Energy Corporation of India (SECI) has already awarded over 8.58 lakh MTPA of green hydrogen production and 2.3 GW of electrolyser manufacturing capacity under this scheme. The government aims to cut fossil fuel imports by ₹1 lakh crore and avoid 50 million metric tonnes of greenhouse gas emissions through green hydrogen adoption. The total outlay for the National Green Hydrogen Mission, launched in January 2023, is ₹19,744 crore, including incentives for both hydrogen producers and electrolyser manufacturers. High stakes, high demand Green hydrogen is set to become the backbone of decarbonisation in sectors like fertilisers, refining, and steel, with demand from the refining and steel sectors alone projected to reach 4.5 MTPA by 2030. The report said green hydrogen is likely to replace nearly 80 per cent of fossil fuel usage in these sectors. The current cost of green hydrogen in India ranges from $3.8/kg to $5.8/kg. The report estimates this will fall to $0.8/kg to $3.3/kg by 2030, driven by cheaper renewable energy, improved capital efficiency, and indirect tax waivers. To support this transition, the government has rolled out production-linked incentives (PLI) worth ₹5,258 crore for green hydrogen and ₹4,440 crore for electrolysers. These are structured as per-kg awards disbursed over three years under SIGHT Component II, based on performance and localisation benchmarks. India's green electrolyser play India's current electrolyser capacity is under 1 GW, but with SIGHT Component I's recent awards and planned expansion to 20 GW by 2030, the domestic ecosystem is expected to see significant growth. In the first tranche of bidding, SECI awarded 2.3 GW of electrolyser capacity. Meanwhile, port infrastructure is being developed in Kandla, Tuticorin, and Kakinada to enable green hydrogen and ammonia exports. Long-term contracts for 2.5 lakh tonnes of exports have already been signed from Tuticorin and Kakinada. States enter green hydrogen race States including Maharashtra, Karnataka, Gujarat, Uttar Pradesh, and Andhra Pradesh have introduced their own green hydrogen policies, offering incentives like stamp duty waivers, land subsidies, and exemption from transmission charges to attract investors and project developers. Green ammonia, used in fertilisers and shipping, is emerging as a major export product and hydrogen carrier due to its higher energy density and ease of transport, the report added. Global race intensifies On the global front, the report said countries such as the US, China, and Germany have announced green hydrogen capacity targets that together exceed 20 MTPA by 2030. India's competitive renewable energy tariffs and large industrial base make it well-positioned to be a major exporter.
Time of India
26-06-2025
- Business
- Time of India
SECI extends bid deadline for 7.24 lakh MT green ammonia supply to June 30
New Delhi: The Solar Energy Corporation of India Limited ( SECI ) has extended the deadline for submission of bids for its tender aimed at producing and supplying 7,24,000 metric tonnes of green ammonia annually to fertiliser plants across the country. The revised deadline is June 30, 2025. The tender was issued on June 7, 2024, under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme - Mode 2A, Tranche I. SECI is functioning as the implementing agency for the scheme under the Ministry of New and Renewable Energy , Government of India. Under the scheme, SECI will aggregate demand from 13 identified fertiliser plants and enter into long-term offtake agreements with selected green ammonia producers. These agreements will be for a duration of 10 years. The tender is intended to support the production and market development of green hydrogen derivatives such as green ammonia through commercial assurance and long-term supply agreements.
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Business Standard
25-06-2025
- Business
- Business Standard
SECI extends deadline for green ammonia tender submission to June 30
The tender is aimed at enabling the production and long-term supply of 7,24,000 metric tonnes of green ammonia annually to 13 identified fertiliser plants across the country Press Trust of India New Delhi State-owned Solar Energy Corporation of India (SECI) has extended the timeline for submission of bids for contract for the production and supply of green ammonia under the National Green Hydrogen Mission by four days to June 30. Earlier, the last date for submission was June 26, 2025. According to a statement, SECI has extended the bid submission date for its ongoing tender pertaining to the production and supply of green ammonia. Issued on June 7, 2024, the tender is part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme - Mode 2A, Tranche I. The tender is aimed at enabling the production and long-term supply of 7,24,000 metric tonnes of green ammonia annually to 13 identified fertiliser plants across the country. SECI, as the implementing agency, will aggregate demand and enter into long-term offtake agreements with selected green ammonia producers. These agreements will provide commercial certainty for a 10-year duration and support market development for green hydrogen derivatives. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
25-06-2025
- Business
- Economic Times
SECI extends timeline for green ammonia tender to Jun 30
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel State-owned Solar Energy Corporation of India (SECI) has extended the timeline for submission of bids for contract for the production and supply of green ammonia under the National Green Hydrogen Mission by four days to June the last date for submission was June 26, to a statement, SECI has extended the bid submission date for its ongoing tender pertaining to the production and supply of green on June 7, 2024, the tender is part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme - Mode 2A, Tranche tender is aimed at enabling the production and long-term supply of 7,24,000 metric tonnes of green ammonia annually to 13 identified fertiliser plants across the as the implementing agency, will aggregate demand and enter into long-term offtake agreements with selected green ammonia agreements will provide commercial certainty for a 10-year duration and support market development for green hydrogen derivatives.
