Gensol Engineering has forged a partnership with Matrix Gas & Renewables to establish India's initial Green Steel production plant powered by 100% Green Hydrogen, a pioneering feat in sustainable steel manufacturing. This move comes as part of the National Green Hydrogen Mission's sanction of three pilot projects aimed at advancing sustainable steel production in India. The facility's estimated capital expenditure stands at Rs 321 crore, with the Government of India extending 50% capex incentives to bolster this transformative endeavor. By leveraging direct reduced iron (DRI) vertical shaft technology tailored for Indian-grade ore, the plant will convert iron ore into sponge iron without relying on fossil fuels, thereby eradicating CO₂ emissions. Matrix Gas & Renewables will lead the project's execution, collaborating with Gensol Engineering, Indian Institute of Technology Bhubaneswar, and Metsol AB (Sweden) to oversee construction, design, and operations. With a daily capacity of 50 tons, this pilot plant will pave the way for future Green Steel plants catering to medium- to small-scale producers in various regions of India. Through this strategic collaboration and innovative approach, the project aims to spearhead a transformative shift towards cleaner and more sustainable steel production practices, aligning with the broader goal of reducing carbon emissions and promoting eco-friendly industrial processes.