Shares of GAIL India Limited rose nearly 2% to Rs 208 apiece in morning trade on May 27 following the announcement of its first 10 megawatt (MW) green hydrogen plant in Vijaipur, Madhya Pradesh. This development is part of the National Green Hydrogen Mission.
The plant can produce 4.3 tonnes per day (TPD) of hydrogen using renewable power for electrolysis of water. GAIL stated that the hydrogen produced will have a purity of 99.99% and be generated at a pressure of 30 kilograms per square centimeter.
“Initially the hydrogen produced from this unit shall be used as a fuel along with Natural Gas for captive purposes in the various processes and equipment running in the existing plant,” GAIL said in a regulatory filing on May 25.
Despite the positive news, as of 10:20 am the shares were trading 1.25% lower at ₹201.90.
