BPCL and Sembcorp Green Hydrogen India Private Limited (SGHIPL), a subsidiary of Sembcorp Industries, have established a joint venture agreement to undertake renewable energy and green hydrogen projects in India. The collaboration will explore projects in green hydrogen production, green ammonia production, emissions reduction for port operations, and other emerging green fuel technologies. By combining Sembcorp's experience in renewables with BPCL's knowledge in the petroleum sector, the JV aims to contribute to India's energy transition and development objectives. The partnership signifies a step towards sustainability and innovation in the energy sector. The market response has been positive, with BPCL's shares trading higher post the announcement.