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:
7th Pay Commission Leave Rules & Holidays in India
11 Dec, 2024 | 5 Min. read
Wipro Ltd
11 Dec, 2024 | 7 Min. read
Aditya Birla Group
11 Dec, 2024 | 10 Min. read
What is the Lock-in Period in IPO
11 Dec, 2024 | 6 Min. read
Textile Sector in India
11 Dec, 2024 | 11 Min. read
Step-by-Step Guide to Accessing Your Income Tax Assessment Order Online
11 Dec, 2024 | 3 Min. read
IPO vs FPO vs OFS: Key Differences in How Companies Raise Capital
11 Dec, 2024 | 8 Min. read
Gold Price in India - Gold Prices Edge Higher as Futures Hit $2,654.50
11 Dec, 2024 | 39 Min. read
Indian Overseas Bank Secures ₹1,359 Crore Income Tax Refund for AY 2015-16
11 Dec, 2024 | 2 Min. read
HG Infra Secures ₹899 Crore NH-227B Road Upgrade Project in UP
11 Dec, 2024 | 2 Min. read
NTPC Green Energy Secures 500 MW Solar Project with 250 MW ESS from SECI
11 Dec, 2024 | 2 Min. read
Awfis Space ₹583 Crore Block Deal Launches at ₹680 Floor Price
11 Dec, 2024 | 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