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Hygenco & REC Secures $280 Million for Green Ammonia Project in Odisha


Last Update 17 September 2024

Hygenco Green Energies has signed a Memorandum of Understanding with REC Ltd to finance its Green Ammonia Project in Gopalpur, Odisha, with REC providing up to $280 million. The MoU was formalized at the 4th Global Re-Invest in Gandhinagar. Hygenco plans a $2.5 billion investment in Green Hydrogen and Ammonia Projects across India.

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