Page 61 - Policy Economic Report- June'26
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POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
others have integrated hydrogen into their existing industrial and renewable energy policy frameworks.
He added that four more States are in the process of finalising their policies.
Highlighting efforts to strengthen domestic manufacturing, he stated that financial incentives have been
awarded to 15 companies to establish 3,000 MW per annum of indigenous electrolyser manufacturing
capacity, reducing dependence on imported supply chains. In the refinery sector, Shri Joshi noted that
contracts have been awarded for the supply of 30,000 MTPA of green hydrogen to IOCL, BPCL, HPCL, and
NRL. He further highlighted that ?84 crore has been sanctioned for pilot projects testing 100% hydrogen
injection in the steel sector.
On clean mobility, he stated that nearly ?208 crore has been allocated to support 37 hydrogen-fuelled
vehicles and 9 strategic refuelling stations, complemented by an investment of ?193.35 crore across seven
national testing facilities.
Shri Joshi also underscored the Government’s focus on innovation and standards, noting that a dedicated
R&D roadmap worth ?113 crore is supporting 21 approved projects. He added that the regulatory
framework has been streamlined through the launch of the Green Hydrogen Certification Scheme and the
finalisation of standards for Green Ammonia and Green Methanol in recent months.
The Minister highlighted that the National Green Hydrogen Mission has taken a significant step towards
reducing import dependence, with agreements signed for the supply of 6.7 lakh MTPA of Green Ammonia
to 11 fertiliser plants. He mentioned that under the leadership of Prime Minister Narendra Modi over the
past 12 years, India has undertaken one of the world’s fastest and most ambitious clean energy
transitions. He noted that this transformation has been further strengthened by the National Green
Hydrogen Mission, launched in 2023 with an outlay of ?19,744 crore.
He asserted that the Mission aims to establish 5 MMT of green hydrogen production capacity, supported
by 125 GW of dedicated renewable energy capacity, catalysing investments exceeding ?8 lakh crore,
creating over 6 lakh jobs, and reducing annual carbon emissions by 50 million tonnes.
Shri Joshi informed that under the SIGHT programme, incentives have already been awarded for 8,62,000
MTPA of green hydrogen production capacity. He also welcomed the strong response from industry, citing
JSW’s successful commissioning of a 3,600 MTPA green hydrogen production plant in November 2025.
The workshop was organised as part of the celebrations marking 12 Years of Decisive Achievement of the
Government of India, highlighting the country’s progress in clean energy transition, renewable energy
deployment, green hydrogen and industrial decarbonisation. The Union Minister announced that Green
Hydrogen Mission has allocated Rs 100 crore for supporting Start Ups on green hydrogen technologies.
He said that the first list of 9 startups is being approved with a total funding of Rs 22 crore.
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