Greenzo Energy India has bagged a historic order from Jindal Stainless (JSL), India’s largest stainless steel manufacturer, to set up a green hydrogen electrolyser plant at JSL’s Kalinga Nagar Industrial Complex in Jajpur, Odisha. This is a big step forward in India’s clean energy journey and steel industry decarbonization.
Greenzo-Jindal Project Details
Jindal Steel’s contract involves the supply, erection, installation and commissioning of an advanced electrolyser-based green hydrogen facility. Greenzo will deliver and operationalise the plant in 6-7 months from signing, as per India’s Green Hydrogen Mission.
The facility has a design capacity of 4,72,409 kg per year (52,56,000 Nm³ annually, approx. 0.47 KTPA) of high-purity green hydrogen. The plant is modular and can be scaled up to 1.5 KTPA as demand for green steel grows.
Technical Specifications
The plant will have indigenously developed alkaline bipolar electrolyte technology, capable of producing hydrogen at 30 bar pressure with 99.99% purity. The plant will have SCADA and AI-enabled automation systems for optimised operations, diagnostics and reliability.
Greenzo will also provide comprehensive support services:
- 30 days of on-site training for JSL’s technical team
- 11 months of virtual operational support for seamless integration into industrial processes
This end-to-end service package makes Greenzo not just a supplier but a long-term technology partner.
Why Jindal Stainless
For JSL with 2.9 MTPA stainless steel capacity, this is a big step towards green steel production. The green hydrogen will be used in the Bright Annealing Line and Bell Furnace processes, which are currently fossil fuel-based.
JSL aims to reduce carbon emissions, align with global ESG benchmarks and be one of the first industrial adopters of hydrogen technology in India.
Jindal-Greenzo Energy Deal: Industry and Market Context
The order is a result of national policy, corporate sustainability and technology readiness:
- India’s Green Hydrogen Mission is pushing for industrial adoption with policy incentives.
- Steel is a hard-to-abate sector; hydrogen solutions can redefine its sustainability.
- For Greenzo, this order fills up the order book and reinforces its position as a domestic leader in integrated hydrogen technology solutions.
Managing Director Sandeep Agarwal said: “Our electrolyser is indigenously developed for efficiency, scalability and ultra-high purity hydrogen. We are happy to enable JSL’s green steel and contribute to India’s Green Hydrogen Mission.”
Investors Takeaway
For the stock market and investors, this means:
- Revenue and Order Book Visibility: More to Greenzo’s portfolio, more revenue growth.
- First-Mover Advantage: Both Greenzo and JSL are the early birds in India’s hydrogen economy.
- Sectoral Ripple Effects: If these projects work, it will catalyse hydrogen adoption across steel, refining and chemicals, opening up multi-billion dollar opportunities.
- Sustainability Premium: JSL is going low-carbon, which is what investors want, so valuations should go up, and ESG funds should come in.
Conclusion
Jindal Stainless–Greenzo Energy contract is more than a win; it’s a symbol of industrial change in India. By integrating green hydrogen into the core steelmaking process, both companies are creating a path to sustainable heavy industry, in line with global trends and national policy.
As India becomes a green hydrogen hub, these early partnerships will set the tone for the next phase of industrial decarbonisation and investment opportunities.
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