Oriana Power commits $510m to Maharashtra green hydrogen complex

TrueRE Oriana Power has signed a memorandum of understanding with the Government of Maharashtra to invest around INR 45 billion ($510 million) in an integrated green hydrogen, green ammonia and green methanol project in the western Indian state. The MoU was signed on 5 August 2026 in Mumbai and disclosed to the National Stock Exchange the following day.

The New Delhi-listed renewable energy company said the project will comprise “production facilities for Green Hydrogen and its downstream derivatives, including Green Ammonia and Green Methanol, in accordance with the applicable policies of the Government of Maharashtra, in a time-bound manner”. No specific site within Maharashtra was disclosed. Under the MoU the state government will help the company obtain approvals, permissions, registrations and fiscal incentives.