New Delhi, Sept. 19 -- The cost of producing green hydrogen in India is coming down, but the target of USD 1-2 per kg still looks far, according to a report by Emkay Securities.

Currently, green hydrogen prices in India are seen at around USD 3.8 per kg, excluding GST, based on the latest bidding rounds in the refinery and fertilizer sectors.

It stated "Green hydrogen prices seem to be gradually declining and the targeted rate of USD1-2/kg still seems far".

The report noted that while this target is ambitious, achieving it will depend on continued cost improvements and supportive policies.

It highlighted that recent changes in Goods and Services Tax (GST) on renewable energy equipment and better electrolyzer economics have helped redu...