Reliance Green Hydrogen and Green Chemicals, L&T Energy, AM Green Ammonia, and Waaree Clean Energy Solutions are among nine companies awarded tenders for setting up green hydrogen production facilities under the second tranche of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, according to an order issued by the Solar Energy Corporation of India (SECI).

SECI, functioning as the implementing agency for renewable energy projects nationwide, issued letters of award to these firms, which were selected from 14 tender bids. The other awardees include Oriana Power Ltd, Matrix Gas and Renewables Ltd, GH2 Solar Private Ltd, Green Infra Renewable Energy Farms Private Ltd, and Suryadeep KA1 Project Private Ltd. L&T Energy, Green Infra Renewable Energy Farms, Waaree Clean Energy Solutions, and AM Green Ammonia were awarded the highest annual production capacity of 90,000 metric tonnes, while Reliance Green Hydrogen secured a capacity of 49,000 metric tonnes annually.

SECI has allocated incentives of Rs 5.13 billion to AM Green Ammonia and Rs 5.10 billion to Waaree Clean Energy Solutions, followed by Rs 4.37 billion to Green Infra. The Ministry of New and Renewable Energy invited bids for establishing 450,000 tonne per annum of green hydrogen capacity under this second phase. A 100,000-tonne green hydrogen facility typically demands an investment of Rs 18,000–20,000 crore, implying that the awarded firms are likely to invest approximately Rs 80,000 crore to realise the projected capacity.

In total, Rs 2,238.59 crore has been sanctioned as incentives under this second tranche of the scheme. ReNew E-Fuels Private Limited, Ocior Energy India Private Limited, Nishal Enterprises Private Limited, ChemSepT Engineering Private Limited, and Avaada GreenH2 Private Limited also submitted bids under this round. India's private sector is increasingly investing in green hydrogen production, aiming to establish large-scale capacities. Tranche II bidding guidelines specified a minimum of 10,000 tonnes per year and a maximum of 90,000 tonnes per year under bucket-I (technology-agnostic pathways), while bucket-II (biomass-based pathways) had limits of 500–4,000 tonnes annually. The maximum capacity per bidder in this tranche was 90,000 tonne. Once the Letter of Award (LoA) is issued, firms can establish multiple projects to meet their allocated capacity.

Winners in the first tranche under the SIGHT scheme included Reliance Green Hydrogen and Green Chemicals Ltd, ACME Cleantech Solutions Private Ltd, Greenko ZeroC Private Ltd, Torrent Power, HHP Two Private Ltd, Welspun New Energy, CESC Projects Ltd, UPL Ltd, and JSW Neo Energy Ltd. Incentives under the scheme are capped at Rs 50/kg in the first year of production, Rs 40/kg in the second, and Rs 30/kg in the third year. Launched in 2023, the National Green Hydrogen Mission has an outlay of Rs 19,744 crore up to FY 2029–30 to scale up domestic production. This includes Rs 17,490 crore for SIGHT, Rs 1,466 crore for pilots, Rs 400 crore for R&D, and Rs 388 crore for other components.