Indian Oil Corporation Ltd (IOCL) is set to award the tender for building India's largest green hydrogen plant with a capacity of up to 10 kilo tonnes per annum by mid-May. The plant is planned to be located at the Panipat Refinery and Petrochemicals complex. This initiative is part of IOCL's strategic plan to establish green hydrogen units across all its refineries, aiming to achieve net zero carbon emissions by 2046 with an estimated ₹2.4 trillion green transition plan. The previous tender processes faced setbacks, leading to cancellations due to conflict of interest concerns raised by bidders and industry associations. The updated tender involves a 75 MW electrolyser capacity to generate 300 MW of clean energy, with an overall capital expenditure projected at $400 million. The latest tender, reissued in September 2024, outlines the requirement for the winning bidder to start hydrogen gas delivery within 30 months of being awarded the project, emphasizing the significant scale and importance of the green hydrogen initiative in India.