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According to a statement released by one of the corporations, the purpose of the memorandum of understanding is to establish a collaboration between the businesses to investigate hydrogen's potential jointly, attractiveness, and practicality as a source of energy.

According to the statement, PIL and GAIL will investigate a variety of possibilities for hydrogen transportation via the end-use of the existing natural gas network.

When it comes to hydrogen for power generation, India as a whole is still in the infant stages of this technology. According to the statement, all of the parties involved in the matter, including the government, industry bodies, industry peers, and consumers, should concentrate their efforts on investigating the production, transmission, and distribution of hydrogen to make it economically feasible so that it can contribute to India's fulfilment of its COP26 commitment.