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GAIL awards contract to set up one of India's largest PEM based Green Hydrogen project



Posted On : 2022-05-13 17:24:47( TIMEZONE : IST )

GAIL awards contract to set up one of India's largest PEM based Green Hydrogen project

In line with the National Hydrogen Mission, GAIL (India) Limited has awarded a contract to set up one of the largest Proton Exchange Membrane (PEM) Electrolyser in India. The project would be installed at GAIL's Vijaipur Complex, in Guna District of Madhya Pradesh, and would be based on renewable power.

The Project has been designed to produce around 4.3 Metric Tons of Hydrogen per day (approx. 10 MW capacity) with a purity of about 99.999 Volume %. It is scheduled to be commissioned by November 2023. In line with the vision of Atmanirbhar Bharat, the project has been awarded to a vendor having domestic value addition of more than 50 per cent.

Earlier, in January this year, GAIL had commenced India's first-of-it's-kind project of mixing Hydrogen into Natural Gas system. Hydrogen blended Natural Gas is being supplied to one of GAIL's Joint Venture (JV) company with HPCL-Avantika Gas Limited· (AGL), which is a City Gas Distribution (CGD) company operating in Indore, Madhya Pradesh. Till date, GAIL has been successful in blending upto 2% (v/v) hydrogen in natural gas in the CGD network.

These initiatives reflect GAil's commitment to support a gas-based economy and to contribute towards India's vision of a greener, cleaner, carbon-neutral and self-reliant future.

Shares of GAIL (India) Limited was last trading in BSE at Rs. 150.25 as compared to the previous close of Rs. 150.60. The total number of shares traded during the day was 394019 in over 5979 trades.

The stock hit an intraday high of Rs. 151.75 and intraday low of 148.05. The net turnover during the day was Rs. 58984772.00.

Source : Equity Bulls

Keywords

GAILIndia INE129A01019 Contract ProtonExchangeMembraneElectrolyser