Indian Economy News

Union Minister of Steel inaugurates India’s 1st Green Hydrogen Plant in Stainless Steel Sector, paving the way for sustainable steel production

On March 4, 2024, Union Minister for Steel and Civil Aviation, Mr. Jyotiraditya M. Scindia, virtually inaugurated India's first Green Hydrogen Plant within the Stainless-Steel Sector at Jindal Stainless Limited, Hisar. The event included the presence of dignitaries such as the Secretary of the Ministry of Steel, Mr. Nagendra Nath Sinha, Managing Director of Jindal Stainless Limited, Mr. Abhyuday Jindal, Founder of Hygenco, Mr. Amit Bansal, and other officials from the Ministry of Steel. Union Minister for Steel and Civil Aviation, Mr. Jyotiraditya M. Scindia, highlighted India's commitment to a sustainable future, emphasizing responsible economic progress post-COVID. Initiatives like Panchamrit and Mission LiFE showcase India's holistic approach to development, promoting both environmental stewardship and human prosperity. He commended India's strides in the steel sector and underscored the transformative impact of the National Green Hydrogen Mission (NGHM) in making India a global hub for green hydrogen production.

Congratulating Hygenco and Jindal Stainless for commissioning India's inaugural long-term off-take green hydrogen plant, Union Minister for Steel and Civil Aviation, Mr. Jyotiraditya M. Scindia, emphasized the project's alignment with the government's vision for a cleaner future. He urged industry stakeholders to adopt clean technologies actively, contributing to India's journey towards a greener economy. He concluded by emphasizing the collaborative effort required to build a globally competitive and sustainable steel industry, stating unequivocally that the next era of growth belongs to India and, within India, to the steel industry. The inaugurated Green Hydrogen Plant is a technological milestone featuring rooftop and floating solar components. It aims to reduce carbon emissions annually by around 2,700 metric Tons, contributing to a cumulative reduction of 54,000 tons of CO2 emissions over the next two decades.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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