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Indian Oil scraps green H2 tender
Mint Mumbai
|February 27, 2024
State-run Indian Oil Corporation (IOCL) has cancelled its tender for setting up India’s first green hydrogen production unit with a 10 kilo tonne per annum (ktpa) capacity amid weak response from bidders and a legal battle over alleged bias in the tendering process.
On 25 December, Mint reported that the tender had received an only bid from GH4India Pvt Ltd, which is IOCL’s own joint venture (JV) with infrastructure and engineering major Larsen & Toubro (L&T) and renewable energy company ReNew. The JV, in which all three companies have equal stakes, was formed in August 2023.
Indian Oil, L&T, ReNew and union ministry of petroleum and natural gas did not respond to emailed queries.
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