Greenzo Energy India Ltd., a leading homegrown manufacturer of hydrogen electrolysers, has secured a ₹320 crore contract from Oswal Energies Ltd. to supply electrolysers and Balance of Plant (BoP) equipment for a 20 MW green hydrogen facility. Executed on a build–operate–transfer (BOT) basis, this project represents a major step forward in India’s shift to clean energy, according to the press release.
Under the agreement, Greenzo Energy will design and deliver its domestically developed electrolysis units along with fully integrated BoP systems, drawing on its expertise in scalable, high-efficiency hydrogen solutions. Oswal Industries—known globally for its EPC and project-management capabilities in the hydrocarbon and energy sectors—will oversee engineering, procurement, and construction.
“This order is more than a commercial deal, it’s a landmark for India’s clean-energy ambitions,” said Ratan Bokadia, Managing Director of Oswal Energies. “By joining forces with Greenzo, we’re backing indigenous, sustainable technology that will power industry and strengthen India’s energy independence.”
Sandeep Agarwal, Managing Director of Greenzo Energy India Ltd., added, “Our collaboration with Oswal reflects a shared vision: to build green hydrogen infrastructure that is both efficient and expandable, helping India meet its net-zero goals. Oswal’s proven EPC track record paired with Greenzo’s cutting-edge electrolyser technology makes for a powerful alliance. Together, we’ll set a new benchmark in clean-energy manufacturing and execution.”
Observers see the Oswal–Greenzo partnership as a fusion of advanced manufacturing and world-class EPC execution, positioning India to emerge as a global center for green hydrogen innovation.
Greenzo Energy is at the forefront of India’s transition to a hydrogen-based economy. As one of the nation’s top electrolyser and integrated hydrogen system manufacturers, the company champions indigenous innovation, cost-effective solutions, and large-scale green hydrogen production. Offering turnkey BOT models, Greenzo collaborates with leading players in the chemical, refinery, and mobility sectors to deploy next-generation hydrogen infrastructure. Its mission is to establish India as a worldwide hub for green hydrogen technology.
Founded in 2013 and headquartered in Ahmedabad, Oswal Energies has grown from a modest fabrication unit into a full-spectrum EPC partner in oil, gas, and clean-energy sectors. The firm delivers turnkey solutions across upstream, midstream, and downstream hydrocarbon facilities, as well as in green hydrogen, carbon capture, and compressed biogas. With a portfolio that includes surface facilities, gas-processing plants, dehydration units, pipelines, process skids, and heavy-engineering modules, Oswal has completed over 250 brownfield and greenfield projects worldwide. Its clientele includes major names such as Shell, ExxonMobil, ONGC, Linde, and Cairn Oil & Gas.
