JULY 20239TOP STORYKALPATARU PROJECTS INTERNATIONAL SECURES FRESH ORDERS WORTH OVER 1000 CROREFIRST ROUND OF GREEN H2 BIDDING WILL PROVIDE INCENTIVES FOR A CAPACITY OF 450 000 TONNES ANNUALLYKalpataru Projects International Limited (KPIL) announced that it had received fresh orders worth Rs 1,008 crore both domestically and abroad. According to a corporate filing with the exchange, on a consolidated basis, order inflows were Rs 5,122 crores in the first quarter of FY 2023­24.Orders for the T&D (transmission and distribution) division are Rs 635 crore in both domestic and international markets, and Rs 373 crore for civil construction projects in India, the company reported."We are pleased to see a consistent influx of new orders, particularly for our B&F and international T&D business," said Manish Mohnot, MD & CEO of KPIL. The local civil sector is expanding steadily, and the overseas T&D sector also appears to have bright growth potential.KPIL's strong L1 position of more than Rs 5,500 crore guarantees a positive business outlook and gives the company confidence to meet its goal order inflows of more than Rs 26,000 crore for FY24.One of the largest EPC firms, Kalpataru Projects International Limited (KPIL) specialises in the construction of buildings, industries, flyovers, metro rail, highways, airports, water supply and irrigation systems, and oil and gas pipelines. India would provide incentives for a declared annual production capacity of 450 000 tonnes of green hydrogen in the first round of bidding. Under the National Green Hydrogen Mission, the Ministry of New and Renewable Energy released guidelines that specify the capacity available and set a cap on the incentives that can be granted for the manufacture of electrolysers and green hydrogen, respectively.The highest limitations outlined in the draught guidelines, incentives will be set at Rs 50/kg in the first year, Rs 40/kg in the second, and Rs 30/kg in the final year. The first method for the government's green hydrogen production incentive entails bidding on the least incentive desired over a three-year period.The annual production capacity objective that the bidders must meet in order to qualify for the green hydrogen incentive must also be stated. The plan, which was unveiled in January, will spend a total of Rs 13,050 crore on producing green hydrogen. According to a notification from the government, the bidder who offered the lowest average incentive would receive the first allocation of its permissible capacity.The maximum capacity granted to a single bidder in hydrogen production capacity to be put up by "technology agnostic" methods would be 90,000 tonnes per year, but not less than 10,000 tonnes per year. The highest allocation for a single bidder for capacity that will be based on biomass would be 4,000 tonnes per year, while the lowest that can be bid for is 500 tonnes.
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