Government announces national hydrogen policy

News: As per National Hydrogen Policy, the Power Ministry has waived the power transmission charges for 25 years for green hydrogen capacity commissioned by June 2025, allowed producing companies to buy renewable power from exchanges or their own unit and also allowed these companies to bank unconsumed renewable power for up to 30 days with power discom.

Views: Companies in the oil sector have announced plans to set up green hydrogen production plant to reduce carbon emission. We believe this will be beneficial for companies from a long term perspective.

Impact: Positive