Tata Steel SEZ, AVAADA Group to establish green hydrogen, ammonia unit in Odisha

8 Sep 2023 , 11:05 AM

On Thursday, AVAADA Group announced the signing of a deal with Tata Steel Special Economic Zone Ltd (TSSEZL) to establish a green hydrogen and ammonia manufacturing business in Odisha. The facility would be located at the Gopalpur Industrial Park in the Ganjam district of Odisha.

AVAADA Group stated that this is an initiative to establish a cutting-edge green hydrogen and ammonia manufacturing unit in Odisha. This substantial development follows the signing of a Memorandum of Understanding (MoU) with Tata Steel Special Economic Zone Limited (TSSEZL).

The project is estimated to provide approximately 1,600 direct and 4,000 indirect job opportunities and to reduce nearly 2 million tonnes of CO2 emissions yearly.

‘The collaboration is directed towards hastening the transition to green energy and bolstering India’s ambition to emerge as a global green hydrogen manufacturing hub,’ said AVAADA Group Chairman Vineet Mittal. The agreement is a critical step in the development of our green ammonia business.’

The company is an integrated energy conglomerate with a diversified portfolio that includes everything from solar ingot production to green ammonia production.

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