Indian Oil Corp. (IOC) has announced the finalization of the levelized cost of hydrogen for establishing a 10,000 tonnes per annum green hydrogen generation unit at its Panipat refinery and petrochemical complex in Haryana, India. This project signifies IOC's entry into the green hydrogen space with India's largest green hydrogen initiative to date. The green hydrogen produced will replace fossil-derived hydrogen in refinery operations, leading to a substantial decrease in carbon emissions. Hydrogen, known for its wide range of applications across industries, can power various modes of transportation as well as industrial processes. The green hydrogen at Panipat will be generated by splitting water using renewable energy sources like solar, wind, or hydropower, emitting only water upon burning. This project aligns with the government's vision for the National Green Hydrogen Mission and reflects a strategic move in IOC's decarbonization journey. By aiming to achieve net zero carbon emissions, IOC demonstrates its commitment to India's sustainable energy future and reinforces its position as a leader in the energy sector.