Adani group flagship announced receiving order from Solar Energy Corporation of India (SECI) for set up manufacturing capacity for electrolysers in India.

"Adani New Industries, a wholly owned subsidiary, has received Letter of Award (LoA) from Solar Energy Corporation of India (SECI) for setting up electrolysers manufacturing capacity of 198.5 MW per annum in India under strategic interventions for Green Hydrogen Transition Scheme (Tranche-I)," the company said.

The project, covered by the production linked incentive scheme, has to be completed within 30 months from the date of LoA.

The maximum incentive to be allocated over the period of five years from scheduled commissioning date is Rs 293.78 crore.