Reliance Industries, Tata Motors & IOC key bidders for presidency’s large pilot mission on inexperienced or gray hydrogen in transport sector

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

Reliance Industries (RIL), Tata Motors, and Indian Oil Company (IOC) are set to be the first bidders for the federal government’s experimental mission involving inexperienced/gray hydrogen (H2) within the transportation sector. This initiative aligns with the federal government’s objective to decarbonize the Indian economic system, reduce reliance on fossil gasoline imports, and place India as a frontrunner in inexperienced hydrogen know-how and market. The pilot tasks goal to deal with operational challenges and establish gaps in know-how readiness, rules, implementation strategies, infrastructure, and provide chains, as per the revised request for proposal (RFP) doc reviewed by ET.The hydrogen hall mission goals to facilitate the deployment of hydrogen-powered autos like buses, vans, and automobiles steadily on a pilot foundation. Winners of the technical and business bid rounds will obtain funds to bridge the viability hole because of the increased preliminary capital prices of hydrogen-powered autos.Additionally Learn | Nitin Gadkari’s large vow on petrol, diesel autos: “100% possible to get rid…”The bidding for the Rs 496-crore mission commenced in February. It kinds part of the Nationwide Inexperienced Hydrogen Mission, launched in January 2023 with a finances of Rs 19,744 crore. One of many key necessities for bidders is to take part as a consortium or companions to cowl the entire worth chain – from hydrogen manufacturing and distribution to working autos fueled by hydrogen.Trade sources advised the monetary day by day that Reliance has teamed up with Ashok Leyland and Daimler India Business Autos (DICV), whereas Tata Motors has partnered with IOCL in a consortium. Moreover, Ashok Leyland has collaborated with NTPC for the mission.Certainly, many automakers have been conducting trials with hydrogen-fueled vans and buses for vitality corporations like RIL and NTPC for a while now. Tata Motors and Ashok Leyland representatives have been unavailable for feedback, whereas a DICV spokesperson confirmed their assist to RIL for the mission.Additionally Learn | Vital milestone! Gautam Adani says Adani Inexperienced is now India’s first “das hazari” in renewable vitality spaceRIL, engaged within the production-linked incentive (PLI) scheme for electrolyzer and inexperienced H2, stands out as the only real end-to-end service supplier for the pilot mission, overlaying hydrogen manufacturing, gasoline distribution, and working hydrogen-powered autos.The conglomerate, specializing in the brand new vitality sector in recent times, stands to realize considerably if profitable in securing the mission bid. This may pave the best way for large-scale hydrogen manufacturing in keeping with the federal government’s aims. Trade insiders recommend that beginning with gray hydrogen for the mission will enable corporations to ascertain infrastructure and guarantee clean operations. Gray hydrogen, produced from pure fuel or coal, serves as an interim answer for the transition in the direction of inexperienced hydrogen.

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