India Records Lowest-Ever Price for Green Hydrogen in Tender

India has recorded the country’s lowest-ever bid for the supply of green hydrogen, according to Renewable Energy Minister Pralhad Joshi.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — India has recorded the country’s lowest-ever bid for the supply of green hydrogen, according to Renewable Energy Minister Pralhad Joshi.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.The bid of 279 rupees ($3.08) per kilogram was to supply 10,000 tons of green hydrogen a year to Numaligarh Refinery Ltd., majority owned by state-run Oil India Ltd., in the northeastern state of Assam. Nine bidders participated in the tender, Bhaskar Jyoti Phukan, Numaligarh’s managing director, said in a phone interview, declining to say who the winning bidder was. Joshi described it as “historic milestone in India’s clean energy journey,” in a post on X. It would strengthen the country’s position among the world’s most cost-competitive producers, he said.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Green hydrogen has been widely touted as a solution for hard-to-abate heavy industries like steel and cement, but demand and usage remain low, leading many investors to back out of projects. In India, low renewable energy costs, along with government incentives, including financial aid for green hydrogen production and equipment manufacturing, have helped the nation achieve competitive rates. India has also maintained a full waiver of transmission charges for electricity used to produce the fuel, helping producers save on costs.To boost domestic demand, New Delhi is working with local refineries to create 200,000 tons of annual consumption of green hydrogen at their sites, Renewable Energy Secretary Santosh Kumar Sarangi said on the sidelines of the India Energy Week last month. Efforts are underway to begin exports of green ammonia as early as 2028, Sarangi said at the event, adding the country is in talks with potential buyers in Europe and Japan. Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.