Indian Oil Corporation (IOC) received two bids for its first green hydrogen plant at Panipat refinery after a cancelled tender.

Indian Oil Corporation (IOC) received only two bids for its first green hydrogen plant at its Panipat refinery in Haryana, after the first tender was cancelled due to allegations of preferential treatment. The bids came from GH4India, a joint venture formed by IOC, ReNew, and Larsen & Toubro, and Neometrix Engineering, a Noida-based company specializing in turnkey projects. This is India's first attempt to determine the price of green hydrogen through a bidding process.

July 16, 2024
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