I was going through research report of Aegis logistic here are some capex they are doing.
This initiative aligns with India’s National Green Hydrogen Mission (NGHM), which has allocated INR 19,744 cr to achieve a production target of 5 mn tonnes of green hydrogen annually by 2030. Green ammonia, a derivativeof green hydrogen,
will also be produced under NGHM and it will be especially relevant for the
fertilizer industry. Currently, Indian fertilizer companies primarily derive ammonia
from imported LNG, leading to higher production costs. Over the past three years,
the government’s subsidy for the fertilizer sector has been significant, reaching
INR 1.3 trillion in FY23, INR 1.4 trillion in FY22, and INR 1.1 trillion in FY21.
With the anticipated growth in fertilizer demand in India, the need for ammonia is
also set to rise. The government’s strategy to shift from imported LNG to a cleaner
and domestically produced feedstocks is expected to increase the demand for
green ammonia and its related transportation/storage infrastructure. AVTL’s
upcoming green ammonia storage facility is poised to be a key strategic asset,
potentially benefiting greatly from the NGHM.
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