Essar Group announces $3.6 billion investment in green hydrogen plant in India’s Gujarat 

Essar Group, an India-based firm, will invest Rs 30,000 crore ($3.6 billion) over the next four years in setting up a green hydrogen plant in India’s Gujarat. As the conglomerate transitions from metals to infrastructure, it is focusing on clean energy as a central element of its growth strategy. 

Prashant Ruia, director of Essar Capital, said in an interview with PTI that Essar Future Energy plans to develop 1 gigawatt of hydrogen capacity and associated green molecules capacity of 1 million tons per annum over the next four years.