TKIL Industries Pvt. Ltd is in discussions with oil refining companies and steelmakers to set up green hydrogen-producing units using solar energy at their premises and help them reduce greenhouse gas emissions.
"We have approached oil marketing companies (OMCs) and steel companies and most of them want to do a pilot first. Once there is enough demand, we have kept funds of ₹1,500-2,000 crore for expansion," Vivek Bhatia, managing director and chief executive officer (CEO) of TKIL Industries, told Mint.
"100MW is up for taking...and if someone comes with a 200MW project, we will not say no to them."
The company, formerly known as Thyssenkrupp Industries India Pvt. Ltd, is targeting 100MW of electrolyser capacity by 2025 and plans to scale it up to meet demand. Electrolysers split water into hydrogen and oxygen, and are a critical technology for producing low-emission hydrogen from renewable or nuclear electricity. A 10MW electrolyser can produce 200kg of hydrogen in an hour if it takes 50kWh of energy to produce 1kg of hydrogen.
Bu hikaye Mint Ahmedabad dergisinin December 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Ahmedabad dergisinin December 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
High prices crimping demand, growth, MPC minutes show
High prices are the cause for demand slowdown in India, and aligning inflation to the central bank's 4% target is key to ensuring sustained economic growth, members of the rate-setting panel said in the minutes of the December meeting.
UltraTech gets nod for 33% in India Cements
The Competition Commission of India (CCI) on Friday cleared billionaire Kumar Mangalam Birla-promoted UltraTech Cement's proposal to acquire a majority stake in India Cements.
Adani prompts cement discounts, says report
As rivals protect turf with offers, group firms Ambuja, ACC cut discounts
Tata Steel's Dutch plant gets warning
Tata Steel Netherlands will face fines of almost €27 million if it doesn't take measures within eight weeks
Banks win SC relief on 30% credit interest cap
The Supreme Court on Friday overturned the National Consumer Disputes Redressal Commission (NCDRC)'s 2008 decision to cap interest rates on late credit card bill payments at 30% per annum, bringing relief to lenders that had appealed the consumer forum's ruling.
Markets reel from highest weekly fall in 30 months
Even buying by rebalancing of Sensex and FTSE indices was absorbed by the markets due to the FPI selling.
Claims of Reliance Infratel's indirect creditors upheld
The apex court upheld ₹10,952 crore claims by four indirect creditors of Anil Ambani-led RCom's tower biz
Leave a movie midway, and get some money back
PVR Inox's move is part of efforts to widen audience base and improve movie-going frequency
Bombay HC upholds Adani's bid to develop Dharavi slum
The project gained momentum in 2016 under the Bharatiya Janata Party-Shiv Sena led govt
Pushpa 2 most-watched film of 2024, Coldplay hot
Nostalgia also took centre stage with re-releases like Kal Ho Naa Ho, Rockstar and Laila Majnu still drawing viewers