Advait Infratech Receives Letter of Intent for 11kV Medium Voltage Covered Conductor Project in Gujarat
Advait Infratech is pleased to announce the receipt of a letter of intent for a significant turnkey project in Gujarat. The contract, valued at Rs. 158.90 Crores (excluding GST), encompasses a comprehensive scope of work for the 11kV Medium Voltage Covered Conductor (AL59 ACS) project. The awarded project entails the following key activities: “We are grateful for the opportunity to work on this important project,” said Mr. Shalin Sheth, Founder & Managing Director of Advait Infratech. Parth Gandhi, General Manager of Advait Infratech said “Our team is focused on ensuring the successful completion of this contract and contributing to the improvement of Gujarat’s infrastructure.” About Advait Infratech Established in 2009, Advait Infratech delivers robust products and solutions for power transmission, substation, and telecommunication infrastructure. Operations cover turnkey telecommunication projects, power transmission and substation equipment installation, liasoning, marketing, and end-to-end solutions. Engaging in manufacturing and supplying essential power transmission products, including stringing tools, OPGW, OFC cables, ACS, ERS, and OPGW joint boxes, Advait expanded into Green Hydrogen Equipment Manufacturing Services & EPC in 2023. Additionally, the focus includes sustainability consultancy, decarbonisation consultancy, and carbon consultancy services, aiming to enhance the market landscape with cost-efficient, eco-friendly solutions. Su-Niti News
The impact of Economic Growth on Global Electricity Demand and Investment
Eligible Sectors for Carbon Credits: A Closer Look at Opportunities
Amid the pressing need to address climate change, the notion of carbon credits has garnered considerable attention. Carbon credits are transferable permits that enable companies and entities to compensate for their greenhouse gas emissions by investing in initiatives that diminish or eliminate carbon dioxide (CO2) and other greenhouse gases from the environment. However, not all industries qualify for carbon credits, and having a grasp of the qualifying sectors is essential for businesses aiming to take advantage of this expanding market. Recent analyses indicate that the global carbon credit market is forecasted to reach $2.4 billion by 2027, propelled by growing awareness of environmental sustainability and stringent government regulations focused on reducing carbon footprints. This growth presents opportunities for businesses across various sectors to participate in carbon credit trading and contribute to the global effort to mitigate climate change. Renewable Energy: Leading Sustainable Power Solutions Renewable energy is one of the key sectors that can receive carbon credits. Energy projects using clean sources like solar, wind, hydroelectric, and geothermal power can earn carbon credits by replacing the use of fossil fuels and cutting down on greenhouse gas emissions. With the growing demand for renewable energy, businesses have substantial opportunities to invest in clean energy projects and earn carbon credits. The increased use of renewable energy technologies not only reduces carbon footprints but also supports sustainable development and energy security. Forestry and Land-Use: Natural Carbon Sinks Projects in the forestry and land-use sector are eligible for carbon credits as well. For example, initiatives like reforestation, afforestation, and improved forest management can effectively remove carbon dioxide from the atmosphere and contribute to the overall reduction of greenhouse gas emissions. Companies and organisations have the opportunity to invest in these projects and receive carbon credits for their efforts to preserve and enhance natural carbon sinks. It’s important to note that forest conservation projects also have a crucial role in preserving biodiversity, safeguarding water resources, and supporting the livelihoods of local communities. Waste Management: Reducing Methane Emissions Another sector that qualifies for carbon credits is waste management. Projects focusing on capturing and eliminating methane, a powerful greenhouse gas, from landfills or wastewater treatment facilities are eligible to earn carbon credits. Additionally, initiatives that promote waste reduction, recycling, and composting can indirectly contribute to reducing greenhouse gas emissions and qualify for carbon credits. Effective waste management practices not only help in reducing emissions but also minimize environmental pollution and promote resource conservation. Transportation: Moving Towards Sustainability The transportation industry has become a major source of greenhouse gas emissions in recent times. Efforts to decrease emissions from transportation, including the advancement of electric vehicles, fuel-efficient technologies, and sustainable transportation systems, can be considered for carbon credits. Shifting to cleaner transportation alternatives aids in decreasing air pollution, enhancing public health, and reducing dependence on fossil fuels. Industrial Processes: Enhancing Efficiency In the industrial sector, particularly in energy-intensive areas such as cement, steel, and chemical production, there are substantial prospects for earning carbon credits. Projects concentrating on improving energy efficiency, embracing cleaner production technologies, recovering waste heat and capturing and storing carbon emissions may be eligible for carbon credits. By implementing these initiatives, industries can lower their carbon footprints, enhance operational efficiency, and comply with environmental regulations. Agriculture: Sustainable Practices Promoting sustainable land use, mitigating methane emissions from livestock, and increasing soil carbon sequestration are practices that can qualify for carbon credits. Methods like conservation tillage, cover cropping, and improved manure management play a role in lessening the impacts of climate change and bolstering soil health. Sustainable agricultural techniques not only decrease emissions but also enhance food security and resilience to climate change. Community Based Initiatives: Improving Lives Distribution of improved cookstoves and clean water projects help lower carbon emissions and improve lives in rural and tribal areas. These projects involve collaboration with local communities to promote sustainable actions by providing local empowerment and improving people’s well-being. The use of improved cookstoves reduces the demand for non-renewable biomass required for cooking, and clean water projects involve building water wells in remote locations, reducing the need to travel long distances to collect heavily polluted water from puddles and rivers. Compliance and Regulatory Frameworks It’s important to recognize that the qualifications for carbon credits can differ based on the specific carbon trading program or regulatory framework in operation. Companies looking to engage in the carbon credit market should acquaint themselves with the applicable regulations and standards to ensure compliance and make the most of their opportunities.Understanding the methodologies for measuring, reporting, and verifying emissions reductions is crucial for successful participation in carbon credit programs. The Future of Carbon Credits in India The potential for carbon credits in India is bright, thanks to emerging trends like advanced digital technologies that improve tracking and verification processes, ensuring transparency and reliability in carbon credit transactions, which increases market confidence. International collaborations and investments are essential for expanding carbon credit projects across India, providing crucial funding and global expertise to encourage innovative approaches to carbon management. The Indian government plays a crucial role by implementing policies and incentives that encourage wider adoption of carbon credits in various sectors, supporting environmental sustainability and aligning with global climate goals to promote economic growth. Conclusion As the global community continues to prioritize environmental sustainability, the demand for carbon credits is anticipated to increase, creating profitable opportunities for businesses in eligible sectors. By investing in projects to reduce carbon emissions and earning carbon credits, companies can not only contribute to the fight against climate change, but also potentially create additional revenue streams and bolster their environmental credentials. Leveraging carbon credit opportunities enables companies to harmonize their activities with sustainability objectives, fulfill regulatory mandates, and exhibit corporate social responsibility. Incorporating carbon credits into corporate strategies marks a notable advancement toward a low-carbon future, nurturing creativity and propelling the shift towards a sustainable economy. With rising awareness and regulatory demands, businesses that actively participate in carbon credit markets will have a competitive advantage in an environmentally aware world.
Advait Infratech: Empowering Growth Through Technological Innovations and Its People
Advait Infratech, a leading power transmission and green energy company, which has been at the forefront of delivering robust products and solutions tailored for power transmission, substation, and telecommunication infrastructure since its inception in 2009. Advait Infratech stands tall as a beacon of innovation and sustainability in the realm of power transmission and green energy. Since its inception in 2009, under the astute leadership of Mr. Shalin Sheth,dvait Infratech has remained steadfast in its commitment to meeting client needs while championing environmental stewardship. At the heart of Advait Infratech’s success story are the individuals who form the very building blocks of its operations. Its recent stock price surge of 572.89% underscores its remarkable growth trajectory, far outperforming market benchmarks. This article highlights Advait Infratech’s growth prospects and initiatives in the power transmission and green energy sectors, showcasing its dedication to meeting the evolving needs of its clients and the environment. Manufacturing and Supply Chain ExpansionWith a focus on meeting escalating demand, Advait Infratech is expanding its manufacturing prowess. The company anticipates a sustained demand for Optical Ground Wire (OPGW) and Aluminium Clad Steel wires (ACS) supplies in FY 25, with an installed capacity of 4000 tons and a utilisation rate of approximately 80%. This expansion will enable the company to maintain a steady production pace and ensure timely deliveries to its clients. Additionally, Advait Infratech plans to manufacture and execute over 30 tower sets for the Emergency Restoration System (ERS), bolstering its position as a key player in emergency response solutions. EPC Operations and Strategic PartnershipsAdvait Infratech is poised for significant growth in its EPC operations, particularly in the liveline sector. The company aims to secure new orders in Andhra Pradesh, Uttarakhand, and the Union Territory of Ladakh, while ongoing projects in Uttar Pradesh, Tamil Nadu, and Gujarat are on track for early completion. This strategic expansion will solidify Advait Infratech’s presence in the liveline EPC market. Furthermore, the company plans to venture into High-Temperature Low-Sag (HTLS) conductor projects, which offer significant market potential and attractive margins. Strategic partnerships with approved manufacturers will enhance Advait Infratech’s ability to deliver cutting-edge energy solutions. Green Energy and Sustainability ServicesAdvait has made significant strides in the green energy sector, securing a SECI PLI bid – under Tranche I for setting up a 100 MW electrolyser manufacturing facility in Gujarat. This project marks a significant milestone, with the company receiving orders for 2 MW and inquiries for over 200 MW. The target for this fiscal year is to supply 10 MW. Additionally, Advait has successfully completed the ‘Microgrid’ Solar-based Green Hydrogen project for THDCIL in Rishikesh, demonstrating its technical expertise and engineering capabilities. The company is actively participating in various tenders from PSUs, private players, and government bodies, with market inquiries exceeding INR 1000 crore for GH2 EPC projects. Carbon Services, Sustainability Initiatives & Solar EPCThe company’s Sustainability Services Division offers comprehensive Carbon management solutions, including Carbon Consultancy, Carbon Trading, Offsetting solutions, Decarbonization goal setup, and Decarbonisation advisory. From due diligence to registration, issuance, and trading of carbon credits, Advait Infratech provides end-to-end support, ensuring seamless navigation through the complexities of carbon markets. With 40+ projects onboarded and more than 180+ MW capacity projects, the company is well-positioned to assist corporations in achieving their sustainability goals. Advait has also expanded into the solar EPC sector, securing 60 MW of capacity and managing 300 MW of inquiries in the pipeline.Advait Infratech’s Sustainability Services Division serves as a testament to its dedication to environmental stewardship. It is the unwavering commitment of its employees that propels Advait Infratech towards achieving its sustainability goals and creating a lasting impact on the world.Business Outlook 2024-25The company anticipates a growth rate of over 30% in its stringing tools for power transmission, driven by robust order inquiries and increasing demand for high-quality stringing tools. The company also plans to expand its EPC operations in the HTLS sector, which offers significant market potential and attractive margins. Advait Infratech’s commitment to innovation and sustainability will continue to drive its growth prospects, solidifying its position as a key player in the power transmission and green energy sectors. In the last year, Advait Infratech has formed strategic partnerships with GuoFu, HuaDe and TECO 2030 along with signing significant MoUs with Government of Gujarat and Goverment of Uttarakhand. Central to Advait Infratech’s growth narrative are its strategic partnerships and collaborations. By joining hands with approved manufacturers and forging alliances with industry leaders, the company has fortified its position as a frontrunner in delivering cutting-edge solutions. These partnerships underscore Advait Infratech’s collaborative spirit and its unwavering dedication to delivering excellence in every endeavor. 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Beyond the Capital: How India’s States Are Shaping the Green Hydrogen Landscape
Renewable energy forms the foundation of Green Hydrogen production. Without it, hydrogen would continue to be derived from fossil fuels, negating the benefits of this clean energy solution. The Ministry of New and Renewable Energy (MNRE) in India has established emissions thresholds to define hydrogen produced from renewable sources as ‘Green Hydrogen.’ This type of hydrogen is produced using renewable energy through methods like electrolysis or biomass conversion, and also includes electricity sourced from renewable energies, either stored in energy systems or credited through the grid. India’s National Green Hydrogen Mission India’s National Green Hydrogen Mission outlines ambitious targets to produce 5 million metric tonnes of Green Hydrogen annually by 2030, supported by an estimated 125 GW of renewable energy, aligning with its broader objective to achieve 500 GW of total renewable capacity by the same year. Over the past nine years, India has seen a 396% increase in its renewable capacity, driven by various projects and initiatives like the Solar Energy Corporation of India’s expansion in solar power, including concentrated solar power. Ranking fourth globally in renewable and wind power capacities and fifth in solar power, India’s renewable sources reached 190.57 GW by March 2024, with a 9.83% growth in 2022 alone. The Union Cabinet has committed INR 19,744 crore to the mission, aiming to reduce carbon intensity by 45% by 2030, achieve 50% of its energy from renewables, and cut carbon emissions by one billion tonnes from 2023 to 2030. The plan is set to create over six lakh jobs, reduce fossil fuel imports by over INR one lakh crore, and significantly decrease greenhouse gas emissions, affirming India’s commitment to a clean energy future. Strategic Phased Rollout of Green Hydrogen Mission The phased approach of the mission to deploy Green Hydrogen is strategically designed to catalyze an industry-wide transition. In the initial phase, from 2022 to 2025, the mission targets sectors already familiar with hydrogen usage, focusing on ramping up domestic electrolyzer manufacturing and introducing incentives for indigenizing the Green Hydrogen value chain. This phase prioritizes applications in refineries, fertilizers, and city gas sectors to boost demand and support burgeoning investments in Green Hydrogen production. Pilot projects in steel production, long-haul mobility, and shipping, along with the establishment of regulatory frameworks, will lay the groundwork for subsequent phases. The second phase, running from 2026 to 2029, aims to capitalize on the anticipated cost competitiveness of Green Hydrogen with fossil fuels in key industries. This period will likely see an expansion of Green Hydrogen use in the steel, mobility, and shipping sectors based on market dynamics and evolving cost structures. Further pilot initiatives could extend into railways and aviation, with a significant scale-up in R&D to foster innovation and deepen decarbonization efforts across the economy. India’s Hydrogen Investment India is investing heavily in hydrogen to enhance energy security, reduce emissions, balance economic dependencies, and optimize energy subsidies. The global pandemic highlighted the need for diversified energy sources as fluctuations in oil and gas markets affected supply chains and fuel prices, prompting India to seek alternatives to strengthen its national energy strategy. As the world’s third-largest CO2 emitter, India aims to cut its emissions intensity by 45% by 2030, up from the previous 33-35% target under the Paris Agreement. Being the third-largest importer of crude oil and heavily dependent on imports for natural gas and coal, India’s energy imports significantly impact its financial balance, with oil import bills reaching around US$111.9 billion and US$101.4 billion in 2019 and 2020, respectively. Furthermore, India allocates approximately US$30 billion annually to energy subsidies. Redirecting some of these funds could support the development of a hydrogen ecosystem, allowing India to leverage the entire hydrogen value chain and consider global export opportunities. State-Level Green Hydrogen Policies Various Indian states have introduced their own Green Hydrogen policies to support the national mission, each with unique goals and incentives. Gujarat Gujarat is positioning itself as a leader in the Green Hydrogen sector with significant investments and strategic policies. The state’s ambitious goal to contribute 1 million tonnes of Green Hydrogen by 2030 aligns with the national target of 5 million tonnes. This initiative was prominently featured at the Vibrant Gujarat Summit 2024, where the importance of hydrogen in achieving net carbon zero was underscored. The state has embarked on increasing its solar capacity to 211 GW to support this mission. Gujarat is also leveraging its strategic geographic advantages and robust industrial ecosystem to attract massive investments, which are expected to revolutionize its energy sector and significantly reduce carbon emissions. Gujarat has also implemented a comprehensive land allotment policy to foster Green Hydrogen projects. This policy incentivizes investments by offering several benefits, including a commitment to meeting 50% of the Green Hydrogen production capacity within five years and achieving 100% within eight years. Uttarakhand Uttarakhand is making significant strides in the Green Hydrogen sector through pioneering pilot projects spearheaded by THDC India Limited. The state has launched India’s largest electrolyser and fuel cell-based Green Hydrogen project in Rishikesh. This project aims to produce 50 kilograms of Green Hydrogen daily using a 1-megawatt rooftop solar plant. The generated Green Hydrogen is stored and utilized during nighttime to power a 70-kW proton exchange membrane (PEM) fuel cell, which illuminates the THDC office complex. This initiative not only demonstrates the technical feasibility of Green Hydrogen but also sets a precedent for other states by integrating renewable energy sources directly into practical applications Madhya Pradesh Madhya Pradesh is emerging as a significant player in the Green Hydrogen sector in India, with several major projects underway that aim to boost the state’s Green Hydrogen production capacity. The state is home to GAIL’s first Green Hydrogen plant at Vijaipur, which has a capacity to produce 4.3 tonnes of Green Hydrogen per day. This facility is notable for its high-purity hydrogen production, which is primarily intended for blending with natural gas for internal consumption, with future plans to expand to external markets. Additionally, Bharat Petroleum Corporation Limited (BPCL) is planning to establish what will
Advait Infratech Secures Orders Worth Over Rs. 44 Crores from Gujarat Energy Transmission Corporation Limited for HTLS Conductors
Advait Infratech has announced that they have received two orders from the Gujarat Energy Transmission Corporation Limited for uprating of existing power lines. To optimize existing lines it is necessary to ensure that they are able to support an increase in voltage without decreasing their performance. Increasing the voltage means increasing the work the cable has to do to handle it, and this work translates into heat. The first order, received on June 11, 2024, involves a project worth Rs. 16.27 Crores for Uprating of existing 66kv lines on tower by high ampacity conductor/ HTLS conductor 27.516 RKM on 11th June 2024. The second secured on June 13, 2024, is worth Rs. 27.87 Crores for Uprating of existing 66kv lines on tower by high ampacity conductor/ HTLS conductor 45.872 RKM on 13th June 2024. “These projects underscore Advait Infratech’s expertise and commitment to supporting India’s infrastructure growth with innovative and sustainable solutions,” said Mr. Shalin Sheth, Founder and Managing Director, Advait Infratech. The completion of these projects is expected to significantly improve the transmission capacity and efficiency of the regional power grid, aligning with national goals for energy security and sustainability. About Advait Infratech Established in 2009, Advait Infratech delivers robust products and solutions for power transmission, substation, and telecommunication infrastructure. Operations cover turnkey telecommunication projects, power transmission and substation equipment installation, liasoning, marketing, and end-to-end solutions. Engaging in manufacturing and supplying essential power transmission products, including stringing tools, OPGW, OFC cables, ACS, ERS, and OPGW joint boxes, Advait expanded into Green Hydrogen Equipment Manufacturing Services & EPC in 2023. Additionally, the focus includes sustainability consultancy, decarbonisation consultancy, and carbon consultancy services, aiming to enhance the market landscape with cost-efficient, eco-friendly solutions. Suniti-News , EPR Magazine , EquityBills , Money Control , Investement Guru India. com
This Multibagger Power Transmission Company Bags Order Worth Rs 16,27,00,000 from Gujarat Energy Transmission Corporation; Must watch
This Small-Cap Infrastructure company secured an order from Gujarat Energy Transmission Corporation Limited worth Rs 16.27 Crores for the uprating of existing 66kv lines on towers by high ampacity conductor/ HTLS conductor spanning 27.516 RKM. Advait Infratech Ltd specializes in providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. Additionally, it operates across various verticals, including Turnkey Telecommunication Projects and the installation of Power Transmission, Substation, and Telecom Products. Also read Rs 832 Crore Order Book: Oil Drilling Company Bags Order Worth Rs 37,71,00,000 from Sun Petrochemicals; FIIs and DIIs Increase Stake! Share Performance: Today, the company’s stock closed at Rs 1841. The company’s current market capitalization stands at Rs 1877.82 crore. The stock has delivered a multibagger return of around 536 per cent in just 1 year. Financial performance: According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 59.73 crore and an operating profit of Rs 11.45 crore. The operating profit margin for the quarter stands at 19.17 per cent. The company’s net profit stood at Rs 7.23 crore. In FY24, the company reported a revenue of Rs 209 crore compared to Rs 103 crore, and a net profit of Rs 22 crore, compared to a profit of Rs 8 crore in the previous year. Investors must keep this small-cap stock on their radar.
Advait Infratech Secures Orders Worth Over Rs. 44 Crores from Gujarat Energy Transmission Corporation Limited for HTLS Conductors
Infra stock jumps 4% after company received multiple work orders worth ₹ 44.14 Cr
Infra stock engaged in the business of providing products and solutions for power transmission, substation, telecommunication infrastructure and many more jumped 4 percent in the day’s trade upon receiving multiple work order worth Rs. 44.14 Crores from Gujarat Energy Transmission Corporation Limited. With a market capitalization of Rs. 1,958 Crores, the shares of Advait Infratech Limited were trading at Rs. 1,920 per equity share, up 4.29 percent from its previous day’s close price of Rs. 1,841. Advait Infratech Limited has received two work orders from Gujarat Energy Transmission Corporation Limited for a total consideration of Rs. 44.14 Crores. The first work order is for a consideration of Rs. 16.27 Crores for Uprating of existing 66KV Line on tower by HTLS conductor including Associated Equipment for 27.516 RKM and the work order should be executed in 6 months. The second work order received is for a consideration of Rs. 27.87 Crores for the Uprating of existing 66KV Line by HTLS conductor including Associated Equipment for 45.872 RKM, and the work order should be executed in 6 months. Advait Infratech Limited is engaged in the business of providing products and solutions for power transmission, substation, and telecommunication infrastructure. It operates in various verticals such as Turnkey Telecommunication Projects, Installation of the Power Transmission, Sub Station and Telecom Products. It has strong order book of Rs. 209.85 Crores. Its revenue from operations grew by 46.18 percent from Rs. 40.86 Crores in Q4FY23 to Rs. 59.73 Crores in Q4FY24, accompanied by profits of Rs. 3.5 Crores to Rs. 7.23 Crores. In terms of Return ratios, it has reported a return on equity (ROE) of 37.6 percent and a return on capital employed (ROCE) of 37.9 percent. It has reported a debt-to-equity ratio of 0. The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Forging a sustainable path: Multifaceted efforts in renewable energy, carbon offsetting, and impact reporting
Advait Infratech has shown a high level of profitability in the green energy sector. India’s energy needs are growing, and the country is committed to a sustainable future of energy with green hydrogen gaining attention as an option for meeting diverse energy requirements while reducing its carbon footprint. The National Green Hydrogen Mission, which aims at making India a global hub for green hydrogen production, use and export by 2030, has been initiated by the government of India. This ambitious initiative has significant implications for the country’s energy landscape, and it is crucial to understand the roles and strategies of various stakeholders in driving this transition. State governments take the lead: Developing regional green hydrogen hubs The emphasis on subnational roles and strategies is one of the major elements of the Green Hydrogen Mission. The development of regional Green Hydrogen Hubs is expected to have a significant role to play by state and local authorities. These hubs will serve as centers of excellence, fostering innovation, research, and development in the field of Green Hydrogen. By leveraging their unique strengths and resources, states can create a conducive ecosystem for the production, storage, and distribution of Green Hydrogen. Private sector initiatives: Driving the adoption of green hydrogen In the success of the Green Hydrogen Mission, the private sector also has a key role to play. Ways to integrate green hydrogen into their operations are being explored by companies in different sectors, such as power generation and mobility. A key factor in its uptake will be the availability of affordable and reliable green hydrogen. Investments in research and development, as well as the creation of a robust supply chain, will be essential to bring down the costs and ensure the scalability of Green Hydrogen projects. Advait Infratech is one of the companies that has shown a high level of profitability in the green energy sector. The company reported a 139.10% year-over-year increase in Profit After Tax (PAT) for the quarter ended March 2024. In addition to this, Advait also won the SECI Electrolyser Manufacturing Tranche I bid and was awarded 100 MW earlier this trade. The potential for growth in the energy sector, as well as opportunities available to businesses that are capable of adapting to green energy markets, is highlighted by the strong financial results. Addressing the challenges: A collaborative approach The challenges and obstacles which might emerge must be addressed in the course of India’s journey towards a green hydrogen future. The availability of skilled labour is one of the main challenges. In order to make sure that workers have the right knowledge and skills for working with this new technology, a substantial investment in education and training will be required as part of the Green Hydrogen Mission. In order to develop the necessary talent pool, collaboration between industry, academia and government will be crucial. A supportive policy framework: Key to success The need for a supportive policy and legal framework is also one of the challenges. However, a coherent national policy providing clarity on issues like pricing, taxation and incentives will be important for attracting investment and driving the adoption of green hydrogen, although many countries have put in place policies to encourage Green Hydrogen. The government should also consider introducing measures to incentivize the use of Green Hydrogen in various sectors, such as transportation and industrial processes. Conclusion: A sustainable future for India An important opportunity for India to move towards a sustainable energy future lies in the National Green Hydrogen Mission. India can build a thriving green hydrogen ecosystem that will drive innovation, generate jobs and reduce carbon emissions through the synergies of state governments, private industry and workers. But addressing the challenges and obstacles that may arise, as well as working on a collaborative and coordinated approach involving all interested parties is crucial to achieving this vision. India can become a global leader in the green hydrogen revolution with proper strategies and investments, setting an example for other countries to follow.