IOCL extends bid submission dates for first green hydrogen plant to May 7

Indian Oil Corporation has extended by another two weeks the deadline for the submission of bids for the state-owned oil marketing company's first green hydrogen plant to be built in Panipat, a company official has told Moneycontrol.

The bidding process began on April 15 and the bids were to be opened on April 23 but now the date has been pushed to May 7 after prospective bidders requested more time to conclude partnerships, in line with the revised tender norms, the official said.

"Many of them (bidders) are yet to meet the specifications of the tender and they need to form JVs, with multiple entities coming together. They had already started the procedure but could not conclude, hence the timeline has been extended upon their request," the official said, requesting anonymity.

A revised tender was issued in March after the first one was quashed over accusation that the norms were tailored for a joint venture that included Indian Oil Corporation.