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Indraprastha Gas, ACME to jointly explore business opportunities of green hydrogen

04 May 2023 Evaluate

Indraprastha Gas (IGL) and ACME Cleantech Solutions have signed a memorandum of understanding (MoU) to jointly explore the potential business opportunities of Green Hydrogen. ACME and IGL will work jointly to promote the adoption by the customers and create demand for Green Hydrogen in the country. The companies will also work together to explore the opportunity of setting up hydrogen generation plants including setting up electrolyzers to blend Green Hydrogen in IGL’s existing pipeline networks supplying gas to households, industrial & commercial set ups and CNG for vehicles.

Indraprastha Gas is in the business of city gas distribution presently operating in the National Capital Territory of Delhi including adjoining areas of Noida, Greater Noida, Ghaziabad, Gurugram, Meerut (except area already authorised), Shamli, Muzaffarnagar, Karnal and Rewari.

Peers
Company Name CMP
GAIL (India) 172.00
Gujarat Energy 245.30
Indraprastha Gas 149.40
Mahanagar Gas 1083.60
Adani Total Gas 660.65
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