Reliance Industries Ltd. and Adani Enterprises Ltd. were among the 21 bidders for the Indian government’s grants to domestically manufacture electrolyzers, part of Prime Minister Narendra Modi’s efforts to spur the energy transition.
The two companies, run by billionaires Mukesh Ambani and Gautam Adaniwere among firms bidding for the production-linked grants, according to a list published by Solar Energy Corp. of India, or Seci, which conducted the process. Adani bid for a maximum 600 megawatts of electrolyzer capacity, half which is to be built with local technology, the list shows.