Reliance Industries Ltd rides PLI schemes to close in on $1-1.5/kg Green H2 target

Reliance Industries Ltd (RIL) is getting closer to its target of producing green hydrogen for $1-1.5 per kilogramme on the back of multiple product-linked incentives (PLIs) it has won in the green energy segment, an analyst report said.

“These incentives are likely to assist RIL achieve GH2 (green hydrogen) cost of $1-1.5/kg,” Nuvama Research said in a report dated January 20.