The nation's first hydrogen fuel-related company will be established in Jamshedpur at an investment of about Rs 350 crore, according to an official statement from Jharkhand Chief Minister Hemant Soren.

With an investment of Rs 354.28 crore, the projected factory will have a capability of over 4000 hydrogen IC engines/fuel agnostic engines and 10,000+ battery systems.

The unit will reportedly directly or indirectly employ more than 310 individuals, according to one estimate.

Soren announced that Hydrogen Internal Combustion Engine, Fuel-agnostic Engine will be developed in Jamshedpur, East Singhbhum by M/s TCPL Green Energy Solutions Private Limited (TGESPL), a joint venture of M/s Tata Motors Limited and M/s Cummins Inc., USA.

Soren has given his consent for the signing of MoU with M/s TGESPL in regard to the investment proposal in anticipation of approval of the Single Window Clearance Committee and High-Power Committee for the establishment of a unit for manufacture/production of Advance Chemistry Battery, H2 Fuel Cell and H2 Fuel delivery systems, the statement added.