Fourteen companies, including Reliance Industries, L&T Ltd, ReNew, and Waaree, have submitted bids for incentives under India's National Green Hydrogen Mission (NGHM). The second round of incentives aims to promote the establishment of green hydrogen production units in India. This initiative is crucial as India currently produces negligible amounts of green hydrogen, mostly relying on grey hydrogen production. The Solar Energy Corporation of India (SECI) opened the bids, with the final list of winners expected to be released in January 2025. The government has set a cap on incentives for green hydrogen production, starting at Rs 50 per kg in the first year, followed by reductions in the subsequent years. The NGHM has a substantial initial outlay of Rs 19,744 crore, with a significant allocation for production-linked incentives and the manufacturing of electrolysers. The aim is to encourage the production of green hydrogen and its derivatives, as well as to support electrolyser manufacturing in the country. Companies are allowed to bid twice for green hydrogen production within one mode, but they cannot apply for incentives in two different modes. Notably, Reliance Industries is the only company that won an incentive in Tranche I and has reapplied for the second round of incentives in Tranche II. The green hydrogen sector in India is witnessing significant interest and investment, with the government's initiatives playing a vital role in driving the transition towards sustainable energy sources.