India’s recent green hydrogen price discovery through IOCL’s landmark tender has sparked mixed industry reactions, highlighting optimism and concerns. The final price of ₹397/kg ($4.67/kg), determined via reverse auction, marks a significant milestone for India’s green hydrogen sector. Experts, including MD Ravi Shekhar of Eninrac Consulting, consider L&T’s bid globally competitive—cheaper than EU import prices and comparable to Middle Eastern rates.
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