India is taking a bold step in transforming its energy landscape through a high-impact collaboration between Greenzo Energy India Ltd. and Oswal Energies Ltd. The ₹320 crore agreement aims to develop a 20 MW green hydrogen facility, placing India squarely on the global green energy map.
Company | Role | Key Contributions |
|---|---|---|
| Greenzo Energy | Equipment Supplier | - Manufactures indigenous electrolysers and BoP systems - Provides turnkey hydrogen tech solutions - Focuses on affordable, scalable hydrogen production |
| Oswal Energies | EPC Contractor | - Manages Engineering, Procurement & Construction (EPC) - Brings 250+ global projects’ experience - Executes via BOT (Build-Operate-Transfer) model |
Facility Capacity: 20 MW of green hydrogen production
Execution Model: BOT (Build-Operate-Transfer)
Key Components: Electrolysers + Balance of Plant (BoP) equipment
Greenzo leads with homegrown tech, while Oswal ensures seamless on-ground execution using its global EPC track record.
Alignment with National Goals:
Directly supports India’s aim of producing 5 million tonnes of green hydrogen annually by 2030
Reduces Foreign Dependency:
Promotes self-reliance in critical electrolyser manufacturing
Industrial Decarbonization:
Enables clean hydrogen use in sectors like steel, transport, and chemicals
Global Positioning:
Strengthens India’s role as a future exporter of green hydrogen technologies
Environmental Benefits:
Drastically cuts emissions in hydrogen-dependent sectors
Supports India’s net-zero carbon goal by 2070
Economic Impact:
Boosts 'Make in India' with advanced green tech manufacturing
Spurs high-skill job creation in engineering and clean energy
Encourages more PPPs (Public-Private Partnerships) in hydrogen economy
Oswal Energies Ltd.
Founded: 2013 | Headquarters: Ahmedabad
Sectors: Oil & Gas, Clean Energy, Green Hydrogen, Biogas, Carbon Capture
Global Reach: 250+ projects across USA, Middle East, Africa
Client Base: Shell, ExxonMobil, ONGC, Linde, Cairo Oil & Gas
Greenzo Energy India Ltd.
Core Focus: Electrolyser systems and hydrogen infrastructure
Strengths: Indigenous R&D, scalable tech, clean hydrogen at low cost
Deployment Models: BOT/BOO for industrial applications (steel, chemical, transport)
Rama Bolandin (MD, Oswal Energies): “This project strengthens India's clean energy backbone. It’s a leap toward independence in hydrogen infrastructure.”
Sandeep Agarwal (MD, Greenzo Energy): “Our technology, combined with Oswal’s execution muscle, will redefine India’s hydrogen future.”
Timely commissioning of the 20 MW facility
Scaling capabilities toward 100+ MW future projects
Expansion of private-public green energy alliances
| Key Highlight | Details |
|---|---|
| Project Scale | 20 MW hydrogen plant |
| Deal Size | ₹320 crore ($38.5 million) |
| Execution Model | Build-Operate-Transfer (BOT) |
| Tech Partner | Greenzo Energy (Electrolysers + BoP) |
| EPC Lead | Oswal Energies (Design + Construction) |
| Strategic Impact | Supports National Hydrogen Mission |
| Vision Ahead | Expand to 100+ MW plants, boost hydrogen export |
Disclaimer: This content is for informational purposes only and should not be construed as investment advice. Please consult a financial advisor before making any investment decisions.