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GAIL Inaugurates First Green Hydrogen Plant in Madhya Pradesh

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Synopsis:

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 News Today

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.

ExploreGAIL (INDIA) LTD

Renewable Energy Integration

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.

Supporting Infrastructure

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.

Financial Performance

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.

Stakeholder Information

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.

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