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The company will set-up electrolysers manufacturing capacity of 198.5 MW/annum in India under strategic interventions for green hydrogen transition scheme (Tranche-I) under production linked incentive scheme.
The project will be executed within 30 months from the date of issuance of LoA.
Maximum incentive of Rs 293.78 crore will be allocated to the firm over the period of 5 years from the scheduled commissioning date.
Adani New Industries will also set up alkaline electrolysers manufacturing facility, utilizing indigenous technology as part of bucket-II.
Adani Enterprises in the business of integrated resource management, mining services and other trading activities. The company operates as an incubator, establishing new businesses in various areas like new energy ecosystem, data center, airports and roads.
The company’s consolidated net profit tumbled 41.1% to Rs 271.57 crore on 41.0% drop in net sales to Rs 22,517.33 crore in Q2 FY24 over Q2 FY23.
The scrip rose 0.77% to settle at Rs 3,104.25 on Friday, 12 January 2024.
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