Simplex Castings Leads Hydrogen-Powered DRI Pilot Project
Nov 14, 2024 11:42
Simplex Castings leads consortium for developing a green hydrogen-powered direct reduced iron (DRI) pilot project under a government initiative. The project has a production capacity of 40 tons per day and is estimated to cost Rs 230 crore.
Photograph: Sam Shere/Getty Images
New Delhi, Nov 14 (PTI) Simplex Castings on Thursday said it has been selected to lead consortium for developing a green hydrogen-powered direct reduced iron (DRI) pilot plant under a government initiative.
The DRI project will have a production capacity of 40 tons per day (TPD), Simplex Castings said in a statement.
The company will collaborate with key partners, including BSBK Pvt Ltd, Ten Eighty Investment, and IIT Bhilai, each contributing expertise to support the project's success.
The total project capital expenditure is estimated at Rs 230 crore, with the government providing substantial support by covering around Rs 161 crore, or 70 per cent of the funding, the company said.
The government had invited proposals for three components. One was to develop a pilot project to produce DRI (directly reduced iron) using 100 per cent hydrogen using a vertical shaft.
Other two were, the use of hydrogen in a blast furnace to reduce coal/ coke consumption and the injection of hydrogen in vertical shaft-based DRI making units.
Simplex Castings said "it has been selected to lead a consortium in developing a pioneering green hydrogen-powered Direct Reduced Iron (DRI) pilot plant with a production capacity of 40 tons per day (TPD).
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