Hygenco Green Energies signed an MoU with REC Limited to finance its Green Ammonia Project in Odisha, with REC funding up to $280 million.
Hygenco aims to invest $2.5 billion in green hydrogen and ammonia projects across India.
CEO Amit Bansal emphasised the company’s commitment to energy security and carbon reduction, aligning with India’s Aatmanirbhar Bharat vision.