Gensol-Matrix consortium secures contract for India's first green hydrogen-powered steel facility with 50% government funding.

The Gensol-Matrix consortium has secured a contract to establish India’s first green hydrogen-powered steel facility, costing ₹321 crore ($38.5 million), with 50% funding from the Indian government. This project aligns with the National Green Hydrogen Mission's goals to promote sustainable steel production and lower carbon emissions. Utilizing direct reduced iron technology, the facility aims for a production capacity of 50 tons per day, serving as a model for future green steel initiatives.

October 21, 2024
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