Global brokerage firm, Jefferies, has valued Reliance Industries Ltd's green hydrogen business at $ 8 billion. "We have valued RIL's electrolyzer manufacturing business at a 20 per cent discount to the European benchmark and added the cap value of its captive hydrogen consumption," Jefferies has said, in a recent report.
By this reckoning, the firm has arrived at a valuation of $ 8 billion for RIL's green hydrogen business. The green hydrogen business, Jefferies says, could be moved to an InVIT. This way, RIL would monetise its captive green hydrogen production and attract investors, the firm said.
In October 2021, RIL signed up with the Danish company, Stiesdal, for technology for manufacturing alkaline electrolyzers in India, but there have been no further announcements on any update, nor have the two companies responded to requests for updates.
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