Indian Oil bets big on clean energy with 10,000-tonne Panipat plant
In a major stride toward clean energy transition, Indian Oil has finalised the Levelized Cost of Hydrogen (LCOH) for India's largest
green hydrogen generation unit
at its Panipat Refinery & Petrochemical Complex, the company said in a statement on Friday.
Slated for commissioning by December 2027, the facility will produce 10,000 tonnes of green hydrogen annually — replacing
fossil-fuel-based hydrogen
currently used in refinery operations and significantly reducing carbon emissions.
"This initiative is aligned with Prime Minister Narendra Modi's
National Green Hydrogen Mission
and forms a critical part of IndianOil's broader
decarbonisation strategy
," the state-run oil major said.
The project marks IndianOil's formal entry into the green hydrogen sector and is set to be the largest such initiative in the country to date. It is expected to play a pivotal role in helping the company meet its Net Zero targets.
Indian Oil Chairman Arvinder Singh Sahney, speaking earlier this year at the World Economic Forum in Davos, said, 'The green hydrogen plant is now alive. We have got very good bids for it. And now the tenders are under evaluation. Within a month or so, we will be able to award the job, and within two years, that 10,000 tons per annum plant at Panipat will be commissioned.'
The plant aims to boost India's green energy push and reinforce IndianOil's position at the forefront of the country's energy transformation journey.
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