The 10 best green hydrogen stocks in India in 2023

A list of some of the 10 best green hydrogen stocks in India that you should consider investing in.

Best Green Hydrogen Stocks

India's surging energy demands, set to rise by 25% by 2030, call for the National Green Hydrogen Mission. This transformative initiative aims to cut CO2 emissions, reduce reliance on imports, and align with global climate goals.

Here are the top 10 hydrogen stocks that are set to make waves in 2023.


  • India's National Green Hydrogen Mission targets a 25% increase in energy demand by 2030.

  • The big names include Reliance Industries, Adani Green Energy, and ONGC, among others

  • The National Green Hydrogen Mission seeks to revolutionise the energy landscape.

Top 10 green hydrogen stocks

  1. Reliance Industries (RIL): With a $10 billion plan to create a green energy ecosystem, RIL aims for net-zero emissions by 2035. Their flagship project, the Dhirubhai Ambani Green Energy Giga Complex, is set to be a game-changer.

  2. GAIL (India): GAIL's green hydrogen plant produces 4.3MT of green hydrogen daily. This hydrogen-gas blend is destined for industrial use, including fertiliser production.

  3. National Thermal Power Corporation Limited (NTPC): NTPC is stepping into green hydrogen production using a floating solar installation with a 240kW solid oxide electrolyser.

  4. Indian Oil Corporation (IOC): IOC is committed to replacing 10% of its fossil fuel consumption with hydrogen fuel. Refineries in Panipat and Mathura are part of their plan, which aims for 5GW of renewable power by 2025.

  5. Larsen & Toubro (L&T): L&T plans to produce 45kg of green hydrogen daily. Their energy comes from a 500kW battery energy storage system, aiming for water and carbon neutrality by 2025 and 2030, respectively.

Also ReadThe 6 Best Auto Stocks In India For Investment In 2023

  1. Adani Green Energy: Adani is investing over $50 billion in green hydrogen expansion. Teaming up with TotalEnergies, they aim to produce 1MT of renewable hydrogen annually by 2030.

  2. JSW Steel: Through its subsidiary JSW Energy, it is collaborating with an Australian company on a project expected to cost 10,000 crores.

  3. Jindal Stainless: It is partnering with Hygenco India Private Ltd. to establish green hydrogen production facilities and reduce annual carbon emissions by 2,700MT, setting a green hydrogen precedent as India's first stainless steel company to adopt green hydrogen.

  4. Oil & Natural Gas Corporation (ONGC): ONGC signed a two-year MoU with Greenko to explore green ammonia and other green hydrogen derivatives, supporting India's National Hydrogen Mission to become a global green hydrogen hub.

  5. Bharat Petroleum Corporation (BPCL): BPCL is working on a 5MW electrolyser project, combining green hydrogen with natural gas for commercial, industrial, and residential uses.

A financial snapshot of these stocks

A financial snapshot of these stocks

As on 08-Sep-2023 11:30 IST

Find the latest articles on stocks here.

Also Read6 Best Indian Cement Stocks You Can Invest In 2023

 Disclaimer: This article is intended for general information purposes only and should not be construed as insurance or investment or tax or legal advice. You should separately obtain independent advice when making decisions in these areas.


Related Article

Premium Articles

Union Budget