A consortium led by Gensol Engineering Limited and Matrix Gas & Renewables has secured a contract to develop India’s first steel plant powered by green hydrogen. The project, valued at ₹321 crore ($38.5 million), will receive 50% of its funding from the Government of India.
This facility, one of three pilot projects under the National Green Hydrogen Mission, will produce 50 tons of steel per day using direct reduced iron (DRI) vertical shaft technology. By replacing traditional fossil fuels with green hydrogen, the plant will significantly reduce CO₂ emissions.
The consortium also includes IIT Bhubaneswar and Sweden’s Metsol AB, with Matrix Gas & Renewables overseeing the entire project lifecycle, from land acquisition to commissioning. The facility aims to serve as a model for small and medium-scale producers in regions like Chhattisgarh and Odisha, and across India.
Gensol Engineering brings its expertise in renewable energy and EPC services to this initiative, which supports India’s broader goals under the National Green Hydrogen Mission to promote sustainable steel production and lower industrial carbon emissions.
Gensol Engineering is a prominent Indian company specializing in renewable energy and sustainability solutions, particularly in solar power projects. Founded with a vision to promote clean energy, Gensol provides end-to-end services in solar consulting, project development, engineering, procurement, and construction (EPC). The company has been instrumental in driving solar energy adoption across India, helping businesses and individuals transition to sustainable power sources.
Gensol’s expertise also extends to energy management, offering solutions that optimize energy efficiency and reduce costs. With a strong focus on innovation and technology, Gensol is committed to advancing India’s renewable energy goals and contributing to a greener, more sustainable future.
