BAJAJ BROKING
GAIL inaugurates its inaugural green hydrogen plant in Vijaipur, Madhya Pradesh, generating 4.3 tonnes of green hydrogen daily, contributing to India's renewable energy ambitions. The plant integrates a 10-megawatt proton exchange membrane electrolyzer from Canada and utilises solar energy for electrolysis.
GAIL (India) Ltd has successfully launched its first green hydrogen plant in Vijaipur, Madhya Pradesh, marking a significant move into alternative energy.
The plant features a 10-megawatt proton exchange membrane electrolyzer imported from Canada, capable of producing 4.3 tonnes of green hydrogen per day with 99.999% purity.
Explore: GAIL (INDIA) LTD
It utilises electricity from renewable sources, primarily solar energy, for water electrolysis, aligning with India's National Green Hydrogen mission.
Initially, the produced hydrogen will be blended with natural gas for captive use within the Vijaipur plant, later extending to retail customers in nearby areas via high-pressure cascades.
GAIL is also establishing up to 20 MW solar power plants at Vijaipur to meet the green power demand for electrolysis, emphasising the integration of renewable energy sources.
GAIL is conducting experimental blending of hydrogen with natural gas in Indore, aiming to increase blending ratios subject to regulatory approvals and successful testing.
Despite revenue declining by 5.6% to ₹32,317 crore in the March quarter, GAIL's net profit dropped over 23% due to weaker performance in gas marketing.
The Indian government holds a majority stake of 51.9% in GAIL, with Indian Oil Corporation and ONGC having smaller stakes. Additionally, around 11.97 lakh shareholders hold stakes in the company.
Overall, GAIL's venture into green hydrogen production signifies a significant step towards sustainable energy development in India, contributing to both environmental goals and energy diversification efforts.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here https//bit.ly/3Tcsfuc
Share this article:
Gold Rate Today | 15 January 2025 | Gold Price in India
15 Jan, 2025 | 40 Min. read
Delhi Court Discharges JSW Steel in Corruption Case; HC Clears Monnet Takeover
15 Jan, 2025 | 2 Min. read
IRFC Emerges L1 Bidder to Finance ₹3,167 Crore for Banhardih Coal Block
15 Jan, 2025 | 2 Min. read
Cipla’s Tax Demand Reduced to ₹559.18 Crores After Revision
15 Jan, 2025 | 2 Min. read
Govt Plans 5-6% Hike in Highway Budget for FY26 After FY25 Slump
15 Jan, 2025 | 2 Min. read
Rikhav Securities IPO- Key Objective & Deep Analysis
15 Jan, 2025 | 5 Min. read
HCL Tech expands partnership with Microsoft to transform contact centres
14 Jan, 2025 | 2 Min. read
BEL secures new orders worth Rs 561 crore, boosting FY25 order book
14 Jan, 2025 | 2 Min. read
ITI Ltd secures Rs 64 crore contracts for Wi-Fi and CCTV systems
14 Jan, 2025 | 2 Min. read
JSW Energy secures LoI for 3.6 GW KSK Mahanadi power plant
14 Jan, 2025 | 2 Min. read
Biocon Biologics’ Johor Bahru Facility Receives FDA VAI Classification
13 Jan, 2025 | 2 Min. read
Interarch Secures ₹221 Crore Projects in Semiconductors & Energy Storage
13 Jan, 2025 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading