Greenzo Energy secures ₹320 crore order from Oswal Energies for green hydrogen project – ET Auto

Greenzo Energy India Ltd. has secured an order worth ₹320 crore from Oswal Energies Ltd. for supplying electrolysers and Balance of Plant (BoP) equipment for a 20 MW green hydrogen facility, the company said in a statement.

The project will be executed under the Build-Operate-Transfer (BOT) model. Greenzo Energy will manufacture and supply indigenously developed electrolysers and BoP systems, while Oswal Energies will undertake engineering, procurement and construction (EPC) responsibilities.

“This order marks more than a business transaction—it’s a decisive step toward India’s clean energy future. By partnering with Greenzo for this hydrogen project, we’re investing in sustainable, indigenous technology that will power industries and reinforce our commitment to a greener, self-reliant India,” said Ratan Bokadia, Managing Director, Oswal Energies.“This partnership represents a shared vision to create green hydrogen infrastructure that is scalable, efficient, and aligned with India’s net-zero ambitions. Oswal’s proven EPC capabilities and global track record, combined with Greenzo’s next-generation hydrogen technologies, form a powerful alliance. Together, we aim to build a benchmark project that reflects India’s leadership in clean energy manufacturing and execution,” said Sandeep Agarwal, Managing Director, Greenzo Energy India Ltd.Greenzo Energy manufactures electrolysers and integrated hydrogen systems and offers turnkey clean energy solutions. The company focuses on indigenous innovation and cost-efficient green hydrogen production through BOT models for deployment across sectors including chemicals, refineries and mobility.Oswal Energies, established in 2013 and headquartered in Ahmedabad, is an EPC firm operating in oil, gas and clean energy sectors. The company has executed over 250 projects globally across upstream, midstream and downstream hydrocarbon facilities as well as green hydrogen, carbon capture, and compressed biogas installations. It services clients including Shell, ExxonMobil, ONGC, Linde, and Cairn Oil & Gas.