Ashoka Buildcon to Invest in Green Hydrogen Plant in Bihar
Key Ideas
- Ashoka Buildcon plans to invest Rs 9,000 crore in a green hydrogen plant in Bihar, featuring a 1,250 MW solar project for clean electricity generation.
- The project aligns with the company's commitment to sustainable energy solutions and complements its existing infrastructure portfolio.
- The first phase of the plant in Begusarai is expected to be operational within 1.5-2 years after receiving necessary clearances, with a second phase to follow soon after.
- Green hydrogen is recognized as a clean energy source, emitting only water when used, making it an environmentally friendly initiative by Ashoka Buildcon.
Ashoka Buildcon has unveiled plans to invest Rs 9,000 crore in a green hydrogen plant in Bihar, with the announcement made by Mayank Sharma, COO of renewable energy, during the Bihar Business Connect 2024 event. The company signed an agreement with the state government to proceed with the project. The plant will include a 1,250 MW solar project to produce clean electricity for generating green hydrogen through water electrolysis. The first phase of the plant will be located in Begusarai and is anticipated to be operational within 1.5-2 years after obtaining all necessary approvals, with a subsequent phase to follow. The initiative reflects Ashoka Buildcon's dedication to sustainable energy solutions and expands its infrastructure project portfolio. Green hydrogen is acknowledged for its environmental benefits, emitting only water during usage. As of March 31, 2024, Ashoka Buildcon's order book stood at Rs 11,697 crore, indicating a strong presence in the infrastructure sector.