Oriana Power Limited has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop an integrated Green Hydrogen project in the state. The agreement was formally signed in Mumbai on August 5, 2026, marking a significant step in the company’s expansion into green fuel production and clean energy infrastructure.

As part of the proposed project, Oriana Power plans to invest around ₹4,500 crore to establish advanced facilities for the production of Green Hydrogen. The project will also include the manufacturing of key downstream products such as Green Ammonia and Green Methanol, which are expected to play an important role in supporting India’s transition to low-carbon industrial and energy solutions.

The project will be implemented in a phased and time-bound manner in accordance with the industrial policies of the Government of Maharashtra. To facilitate the development, the state government has agreed to provide support by enabling the company to obtain necessary permissions, statutory approvals, registrations, and regulatory clearances from the concerned departments. The government will also extend applicable fiscal incentives under the state’s prevailing industrial policies.

The development was officially disclosed by Oriana Power to the National Stock Exchange of India Limited (NSE) on August 6, 2026. The disclosure was made by Tanvi Singh, Company Secretary and Compliance Officer, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to inform stock exchanges about material corporate developments.

Oriana Power is headquartered in New Delhi and has its corporate offices in Noida. The planned investment reflects the company’s growing focus on the green hydrogen sector, which is emerging as a key component of India’s clean energy strategy. With support from the Maharashtra government, the company aims to accelerate the execution of the project, strengthen the state’s renewable energy ecosystem, and contribute to the development of sustainable industrial infrastructure while supporting India’s long-term decarbonization and energy transition goals.