Matrix Gas & Renewables Unlisted Shares
Green steel pilot set to take off from Raipur with Matrix Gas using hydrogen for coal
money control
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Matrix Gas & Renewables Leads India's Green Steel Initiative with Rs. 400-Crore Pilot Project.
Expert Analysis:
Green Steel Initiative: India initiates its first pilot project for green steel production, led by Matrix Gas & Renewables, utilizing green hydrogen instead of coal for sponge iron manufacturing.
Award Announcement: Matrix Gas and Renewables, as the lowest bidder for the green steel pilot project, will receive the letter of award (LOA) from the ministry next week.
Green Hydrogen Plant Development: Matrix Gas and Renewables will establish a 50-tonne-per-day green hydrogen fuel production plant, serving as a prototype for sustainable manufacturing.
Project Funding and Budget: The project is fully funded through internal resources, with a budget set at Rs 400 crore and capacity agreements secured with steel manufacturers in Raipur.
Matrix Gas & Renewables is leading India’s green steel initiative with a Rs 400-crore budget, emphasizing sustainable practices and growth in hydrogen production.
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