RBM Infracon's Rs 200 Crore Investment in Green Hydrogen Capacity in Gujarat
Key Ideas
- RBM Infracon is investing Rs 200 crore to build 15 MW of green hydrogen generation capacity in Gujarat, with a tie-up with Greenzo Energy for electrolyser units.
- The project will start in January-March 2025 and be completed in phases over 18 months, with RBM handling power generation and sales.
- Greenzo Energy, with the capacity to deliver up to 250 MW per year, has orders worth Rs 1,200 crore and aims for Rs 1,000 crore revenue in FY'26.
- The move towards green hydrogen production in Gujarat is seen as a positive step to meet increasing demand and shift from grey hydrogen sources.
RBM Infracon has revealed its plan to invest Rs 200 crore in constructing a 15 MW green hydrogen generation capacity in Gujarat. The company has partnered with Greenzo Energy to supply electrolyser units for power generation, with the project set to be located close to major refinery projects in the state. RBM will handle the investment required for the plant and manage the selling of the generated power. The project is scheduled to kick off in early 2025 and will be executed in phases over the following 18 months. Greenzo Energy, known for manufacturing critical electrolysers, has the capability to supply up to 250 MW annually from its Gujarat facility. With an order book of Rs 1,200 crore, the company aims to achieve a revenue of Rs 1,000 crore in the financial year 2026. This initiative is significant as it marks a shift towards green hydrogen production, addressing the increasing demand for environmentally friendly sources of hydrogen. The move is expected to positively impact the energy sector and contribute towards a more sustainable future.