Gensol Engineering Ltd and Matrix Gas & Renewables Ltd have successfully secured a significant project in India's renewable energy sector. The consortium won a bid for a 237 MW annual capacity under the Production Linked Incentive (PLI) scheme to establish an electrolyser manufacturing plant. This milestone project, part of the National Green Hydrogen Mission, is crucial for India's target of producing 5 million metric tons of green hydrogen annually by 2030. The electrolyser plays a vital role in green hydrogen production. Additionally, Gensol Engineering Ltd also secured a bid for 116 MW of solar projects in Gujarat. These projects, distributed across 27 locations in collaboration with Paschim Gujarat Vij Co. Ltd., are set to significantly contribute to the state's renewable energy capacity. With a cumulative incentive of Rs. 450 Crore under the PLI scheme and an estimated EPC revenue of Rs. 600 crore, these projects are not only environmentally beneficial but also economically significant for the country's sustainable development.