IndianOil has finalized the Levelized Cost of Hydrogen for a green hydrogen generation unit with a capacity of 10,000 tonnes per annum at its Panipat Refinery and Petrochemical Complex. This facility will be the largest of its kind in India and represents the company’s entry into green hydrogen production.
Scheduled for commissioning by December 2027, the plant will produce green hydrogen to replace fossil-fuel-based hydrogen currently used in the refinery’s operations. This shift is expected to significantly reduce carbon emissions and support the company’s transition toward more sustainable energy practices.
The initiative aligns with the National Green Hydrogen Mission and forms a key part of IndianOil’s broader decarbonization strategy. It contributes to the company’s commitment to achieving Net Zero emissions and supports the national agenda of clean energy development.
IndianOil has reported strong progress on the project. Chairman Arvinder Singh Sahney stated during the World Economic Forum 2025 in Davos that competitive bids have been received, tenders are under evaluation, and the contract is expected to be awarded shortly. Commissioning is targeted within two years following the award.
The project reinforces IndianOil’s position as a leading force in India’s transition toward a low-carbon energy future. IndianOil Corporation Limited (IOCL) is India’s largest government-owned oil and gas company, playing a central role in the country’s energy landscape.
Headquartered in New Delhi, IndianOil operates across the entire hydrocarbon value chain—from refining, pipeline transportation, and marketing of petroleum products, to exploration, production of crude oil and gas, petrochemicals, and alternative energy. With a refining capacity of over 80 million metric tonnes per annum and an extensive network of fuel stations, pipelines, and terminals, Indian Oil ensures the energy security of the nation.
The company is also investing in green energy initiatives, including biofuels, solar, and hydrogen, as part of its broader commitment to sustainable growth and the energy transition. As a Fortune Global 500 company, Indian Oil continues to strengthen its leadership in the energy sector while supporting India’s journey toward a cleaner and more self-reliant future.
