Reliance New Energy, a subsidiary of Reliance Industries Limited (RIL), has announced a mega Rs. 50,000 crore investment in green hydrogen production, positioning India as a global leader in clean energy transition.
## Project Details
Key highlights of the green hydrogen initiative:
– Investment: Rs. 50,000 crore over 5 years
– Location: Gujarat and Rajasthan
– Production Capacity: 1 million tonnes annually
– Employment Generation: 50,000 direct and indirect jobs
– Commercial Operation: 2028
## Strategic Importance
The project aligns with India’s National Hydrogen Mission and the goal of achieving 5 million tonnes of green hydrogen production capacity by 2030.
## Technology Partnership
Reliance has partnered with leading global electrolyzer manufacturers to ensure access to cutting-edge technology. The company will also develop indigenous manufacturing capabilities.
## End-Use Applications
The green hydrogen produced will serve multiple sectors including refining, steel production, heavy transport, and exports to energy-deficit nations.
## Renewable Energy Integration
The project will be powered by dedicated solar and wind farms, ensuring zero-carbon hydrogen production. Reliance is developing 20 GW of renewable capacity specifically for this initiative.
## Government Support
The project has received in-principle approvals under various government schemes including PLI for green hydrogen and viability gap funding.
## Impact on RIL Stock
RIL shares gained 3% following the announcement, with analysts viewing the investment as transformative for the company’s energy transition strategy.
