Gensol Engineering Consortium Wins PLI Bid

14 Aug 2024 , 10:22 AM

Gensol Engineering Limited today said its consortium with Matrix Gas and Renewables Limited has emerged as the winning bidder for 237 MW hydrogen electrolyser manufacturing capacity under the government’s Production-Linked Incentive Scheme.

With this, the consortium has secured a cumulative 300 MW capacity, including 63 MW, which it won in the first tranche of the tender by Solar Energy Corporation of India Limited.

This equates to a cumulative incentive of ₹450 crore under the PLI scheme, which offers incentives to companies for incremental sales from products manufactured in India.

With this, the consortium has secured a cumulative 300 MW capacity, including 63 MW, which it won in the first tranche of the tender by Solar Energy Corporation of India Limited.