IOCL Concludes India’s First Green H2 End-User Offtake Auction at US$4.6 per kg
IOCL Concludes India’s First Green H2 End-User Offtake Auction at US$4.6 per kg Indian Oil Corporation Limited (IOCL)’s latest auction in May 2025 has kickstarted end-user offtake requirements-based auctions in the Indian green hydrogen landscape. The one-of-a-kind tender mandates the selected developer to manufacture and supply 10,000 metric tonne per annum (MTPA) of green hydrogen to IOCL Panipat refinery for 25 years at a fixed price discovered under the bidding process. The Solar Energy Corporation of India (SECI) had plans…