Godrej & Boyce eyes to grow clean energy businesses across multiple industries
Godrej Process Equipment aims to double its Equipment share in Green Hydrogen business over the next 5 Years
Mumbai, 1st August 2023: Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Process Equipment, in line with the government’s push for more sustainable energy production, is eyeing to double its Process Equipment share in the Green Hydrogen space by FY29. India’s growing commitment to expedite the adoption of green hydrogen and achieve its ambitious goal of net-zero carbon emissions, drive towards a more sustainable and eco-friendly economy has furthered the company’s ambitions in this area.
Over the last few years, India has emerged as a key player in the global shift towards Green Hydrogen. The country’s National Green Hydrogen Mission envisions developing a green hydrogen production capacity of at least 5 million metric tons per annum by 2030. In line with this vision, Godrej Process Equipment is leveraging its capabilities and expertise to support the Green Hydrogen revolution through related projects and strategic investments. The company has already successfully supplied equipment globally for Blue Hydrogen projects and received orders to supply critical Heat Exchangers for a Green Hydrogen project in the Middle East.
Hussain Shariyarr, Senior Vice President & Business Head, Godrej Process Equipment said, “We are proud to be part of India’s ambitious journey towards a greener and cleaner future, by helping support the adoption of Green Hydrogen and contributing to the nation’s vision of achieving net-zero carbon emissions. We have invested Rs 300 Crore for the enhancement of our Dahej Facility in Gujarat, for delivery of specialised and large equipment especially in the Hydrogen Clean Energy and Power sectors. We look forward to partnering with many more companies in India and globally to further the green energy revolution.”
About Godrej & Boyce
Godrej & Boyce (‘G&B’), a Godrej Group Company, was founded in 1897 and has contributed to India’s journey of self-reliance through manufacturing. G&B patented the world’s first springless lock and since then, has diversified into 14 businesses across various sectors from Security, Furniture, and Aerospace to Infrastructure and defence. Godrej is one of India’s most trusted brands serving over 1.1bn customers worldwide daily. For more information visit www.godrej.com.
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