Top Beneficiaries of SECI's Electrolyser Auction in India
Key Ideas
  • Adani Enterprises' subsidiary secured a contract to build an electrolyser manufacturing capacity under the PLI scheme for green hydrogen, showcasing a commitment to clean energy production.
  • Gensol Engineering, a key player in solar consulting & EPC, aims for significant revenue growth by expanding into solar, BESS, and EV leasing segments.
  • Both companies, Adani Enterprises and Gensol Engineering, have seen substantial revenue increases in the first quarter of FY25, indicating a positive trajectory in their respective businesses.
  • India's National Green Hydrogen Mission and SECI's initiatives signal a promising future for green hydrogen production, with a projected significant market growth and revenue potential by 2050.
The article discusses the beneficiaries of the Solar Energy Corporation of India's (SECI) electrolyser auction in India. With green hydrogen gaining traction globally as a clean energy source, the Indian government's National Green Hydrogen Mission sets ambitious targets for green hydrogen production by 2030. Adani Enterprises, a diversified conglomerate, and Gensol Engineering, specializing in solar consulting & EPC, are highlighted as major beneficiaries. Adani Enterprises' subsidiary secured a contract to build an electrolyser manufacturing capacity under the production-linked incentive (PLI) scheme for green hydrogen. Gensol Engineering aims for significant revenue growth by expanding into solar, battery energy storage systems (BESS), and electric vehicle (EV) leasing segments. Both companies have reported substantial revenue increases in the initial quarter of FY25, showcasing positive performance. The article emphasizes India's growing focus on green hydrogen production and the potential for significant market growth and revenue opportunities in the renewable energy sector.
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