Wedoany.com Report-Jan 20, Subsidiaries of Sembcorp Industries have signed two non-binding memoranda of understanding (MOU) with the Government of Odisha, which includes exploring the development of a green hydrogen production facility in the state.
In a bourse filing, Sembcorp said the project, which was signed by Sembcorp Green Hydrogen India Private Limited with Industrial Promotion & Investment Corporation of Odisha Limited, is expected to have a production capacity of 720,000 metric tonnes per annum. It is also expected to generate over 2,000 employment opportunities in Odisha during its operational phase.
Sembcorp Development Ltd also signed a deal with Odisha Industrial Infrastructure Development Corporation to assess the potential for the development of an industrial park in the Indian state.
The signing of these MOUs is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending 31 December 2025.
