Green hydrogen is emerging as a key component of India’s clean energy transition. With the government’s push toward renewable energy and sustainability, several companies are investing in green hydrogen production. Below are some of India’s leading green hydrogen stocks that are at the forefront of this transformation.
1. Reliance Industries Ltd.
Reliance Industries Ltd. has been actively expanding its renewable energy portfolio, with green hydrogen being a significant focus. The company plans to establish a fully integrated end-to-end renewable energy ecosystem, including electrolyzers and hydrogen production. With strategic investments in sustainable energy infrastructure, Reliance aims to become a leader in green hydrogen production in India.
2. Oil & Natural Gas Corporation Ltd. (ONGC)
Oil & Natural Gas Corporation Ltd. has diversified its operations to include green hydrogen in its decarbonization strategy. The company collaborates with research institutions and technology providers to explore efficient hydrogen production methods. ONGC is leveraging its infrastructure to develop large-scale hydrogen projects, supporting India’s energy transition goals.
3. Indian Oil Corporation Ltd. (IOCL)
Indian Oil Corporation Ltd. is making significant strides in green hydrogen production by setting up pilot projects across India. The company is investing in hydrogen refuelling infrastructure and electrolysis technology to produce hydrogen using renewable energy sources. With a well-established presence in the energy sector, IOCL is well-positioned to drive the adoption of green hydrogen in India.
4. JSW Energy Ltd.
JSW Energy Ltd. has actively invested in renewable energy, including green hydrogen initiatives. The company has committed to reducing its carbon footprint and aims to produce hydrogen through renewable energy sources such as wind and solar. By integrating hydrogen production into its renewable energy portfolio, JSW Energy plays a crucial role in India’s clean energy ambitions.
5. NTPC Ltd.
NTPC Ltd., India’s largest power utility, is leading the transition towards green hydrogen by developing pilot projects nationwide. The company has announced plans to produce hydrogen through electrolysis using renewable energy. NTPC is also working on hydrogen-based mobility solutions, including fuel-cell electric buses, to promote clean transportation in India.
Conclusion
India’s green hydrogen sector is poised for significant growth, driven by government policies and corporate investments. Companies like Reliance Industries, ONGC, Indian Oil Corporation, JSW Energy, and NTPC actively contribute to this emerging industry. As India moves towards a sustainable energy future, these companies are expected to play a pivotal role in shaping the green hydrogen economy.
For more information, read this article: Top 5 Green Hydrogen Stocks to Buy in Inda 2025
Disclaimer:
The information in this article is provided for educational purposes only and should not be considered as financial advice. The stock market carries inherent risks, and individuals should conduct their own research or consult with a financial advisor before making any investment decisions.
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