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Reliance Industries may hive off green hydrogen business to InvIT

Jefferies values firm's green hydrogen business at $8 bn

green hydrogen
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Last year, Reliance announced plans to invest $76 billion (Rs 6.2 trillion) into clean energy projects

Dev Chatterjee Mumbai
Reliance Industries is likely to hive off its green hydrogen business to an InvIT structure at a valuation of $8 billion, according to global financial services firm Jefferies.
 
The European Union’s and India’s green hydrogen sector, according to Jefferies, could translate into a $74-billion market for RIL’s electrolyser manufacturing business by 2030. "RIL would replace grey hydrogen with green hydrogen at its refineries. It could monetise the captive green hydrogen production by moving it into an InvIT and inducting investors," the firm said in a note to its clients.

An infrastructure investment trust (InvIT) is a collective investment scheme, similar

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First Published: Jan 17 2023 | 7:31 PM IST

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