Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and a Maharatna PSU, has achieved a significant milestone in India’s clean energy transition. NeuEN Green Energy Pvt. Ltd. (NeuEN), a joint venture between BPCL and Sembcorp Green Hydrogen India Private Limited, has secured a contract to supply 10,000 tonnes per annum (10KTPA) of green hydrogen to Numaligarh Refinery Ltd. (NRL).
NeuEN Green Energy Pvt. Ltd. is a 50:50 joint venture between BPCL and Sembcorp Green Hydrogen India Private Limited, a wholly owned subsidiary of Sembcorp Industries. This collaboration marks BPCL’s strategic entry into renewable energy and large-scale green hydrogen development. The contract reinforces BPCL’s commitment to integrating green hydrogen into its core operations, aligning with national energy transition priorities and long-term decarbonisation goals. Notably, the project has achieved the most competitive rate discovered to date, marking a significant milestone in the commercial viability of green hydrogen in India.
Under the contract, the joint venture will develop a 10KTPA green hydrogen production facility at NRL’s refinery in Assam, supported by a long-term offtake arrangement. The project is expected to begin commercial operations in 2028 and will integrate renewable energy with advanced storage solutions to enable reliable, round-the-clock operations to support refinery decarbonisation.
Sanjay Khanna, Chairman & Managing Director of BPCL, commented, “This project marks a significant milestone in BPCL’s journey towards building a future-ready and resilient energy portfolio. Through NeuEN, we are strengthening our presence across the green hydrogen value chain and progressing towards becoming a supplier of clean energy solutions. Securing this project through a competitive bidding process reflects both the evolving maturity of the green hydrogen sector and our focus on developing scalable, market-aligned solutions.”
The competitively discovered tariff sets a new global benchmark for commercially contracted green hydrogen pricing, underscoring the increasing cost competitiveness and scalability of green hydrogen in India. The project will feature a hybrid renewable-powered configuration integrated with advanced energy storage solutions to ensure reliable and round-the-clock electrolyser operations. This initiative further enhances Northeast India’s contribution to national energy security while advancing India’s clean hydrogen ambitions.
Vipul Tuli, President & CEO, Renewables, West, and CEO, Hydrogen Business, Sembcorp, added, “This award marks a significant step forward in advancing India’s green hydrogen ambitions and aligns closely with Sembcorp’s strategy to enable a lower carbon energy future. The landmark tariff achieved demonstrates the importance of well-structured long-term offtake contracts.”
Shelly Abraham, Chairman of NeuEN, stated, “By combining BPCL’s strong domestic market presence and infrastructure capabilities with Sembcorp’s global experience in renewable energy, we are enabling the integration of low-carbon solutions into refining operations and supporting long-term industrial decarbonisation.”
By leveraging BPCL’s deep sectoral expertise and domestic market strength alongside Sembcorp’s global renewable and infrastructure capabilities, the joint venture is positioned as a key enabler of India’s low-carbon energy transition.
This development underscores BPCL’s commitment to sustainable growth, national green hydrogen initiatives, and its leadership in advancing India’s transition toward a cleaner and greener energy future.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).