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Adani Enterprises Unit to Build Electrolyzer Plant Under PLI Scheme for Green Hydrogen Mission

This will give a boost to the country's green hydrogen generation capacity and will also take the conglomerate to the peak of success within a very short duration of time. All kinds of Adani Group controversies might also come to an end.

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Adani Enterprises Unit to Build Electrolyzer Plant Under PLI Scheme for Green Hydrogen Mission

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  1. Adani Enterprises Unit to Build Electrolyzer Plant Under PLI Scheme for Green Hydrogen Mission

  2. Adani New Industries Limited has recently received the Letter of Award to set up a manufacturing capacity of 198.5 MW per annum for electrolysis under the Strategic Interventions for Green Hydrogen Transition Scheme. As reported in an exchange filing, the plant will be built under the Production-Linked Incentive scheme for electrolyzer manufacturing. This will give a boost to the country's green hydrogen generation capacity and will also take the conglomerate to the peak of success within a very short duration of time. All kinds of Adani Group controversies might also come to an end.

  3. The Use of Electrolyzers for Green Hydrogen Production • Electrolyzers mainly use electricity to convert water molecules to hydrogen and oxygen. They are a critical technology used to produce low-emission hydrogen from nuclear electricity. Adani Group is expected to receive a maximum incentive of INR 293.8 crores over five years. The manufacturing facility will be set up within 30 months. Last year, the Union government of India set out a PLI scheme for green hydrogen generation under NGHM. The SIGHT program for electrolyzer manufacturing has a total allocation of INR 4,440 crore by FY30. The incentives start from INR 4,440 crores in the first year and will end at INR 1,480 per kilowatt in the fifth year.

  4. The Adani Group's ventures into the Green Energy Sector • This is not the first time the Adani Group has ventured into the green hydrogen sector. Previously also, the conglomerate has taken up multiple projects in this segment. All these projects are aimed at extending the country's green energy capabilities. It will lead the path towards sustainability and will also make our planet a better place to live. The Adani Group already has set a target to reach net zero by 2050 or earlier for 5 of its major portfolio companies: Adani Energy Solutions Limited, Adani Green Energy Limited, Adani Ports and Special Economic Zone Limited, ACC Limited, and Ambuja Cements Limited. The Group has already acquired financial backing from prominent investors like Rajiv Jain.

  5. THANK YOU!

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