As the world moves toward cleaner and more sustainable energy sources, green hydrogen has emerged as a promising solution in the race to achieve net-zero emissions. In India, the green hydrogen sector is gaining momentum thanks to government initiatives, corporate interest, and global demand. For investors looking to ride the green energy wave, identifying the best green hydrogen stocks in India is a strategic move with long-term potential.

In this blog, we explore the top Indian companies involved in green hydrogen and how they present an exciting investment opportunity for those aiming to build a future-ready portfolio.

Why Invest in Green Hydrogen?

Green hydrogen is produced using renewable energy sources like solar and wind power. Unlike grey hydrogen (produced from fossil fuels), green hydrogen is clean, making it a key player in decarbonizing sectors like transport, steel, refining, and power.

India’s National Green Hydrogen Mission, launched in 2023, aims to make the country a global hub for green hydrogen production and export. With an initial outlay of ₹19,744 crore, this mission has already triggered investments and partnerships across industries.

Best Green Hydrogen Stocks in India

Here are some of the most promising Indian companies involved in the green hydrogen ecosystem. These firms are either directly producing green hydrogen or developing infrastructure and technology to support the hydrogen economy.

1. Reliance Industries Ltd (RIL)

Reliance Industries is one of India's largest conglomerates and has committed to investing over $10 billion in clean energy over the next few years. The company plans to produce green hydrogen at scale and aims to bring the cost down to under $1 per kilogram by 2030.

Why Consider It?

• Strong balance sheet and infrastructure

• Major investments in green energy and hydrogen technology

• Ambitious long-term plans for hydrogen production

2. NTPC Limited

NTPC, India’s largest power-generating company, is venturing into green hydrogen production and has launched pilot projects for hydrogen blending in natural gas and hydrogen-powered mobility.

Why Consider It?

• Backed by the government

• Involved in multiple hydrogen pilot projects

• Diversifying into renewables and hydrogen

3. Indian Oil Corporation (IOCL)

IOCL is actively working on green hydrogen production and has commissioned India's first green hydrogen plant at its Mathura refinery. The company plans to set up additional units across the country.

Why Consider It?

• Strong refining and distribution network

• Aggressive plans for hydrogen integration in its operations

• Government support and partnerships in the hydrogen ecosystem

4. Larsen & Toubro (L&T)

L&T has entered the green hydrogen space through strategic partnerships and infrastructure development. The engineering giant is well-positioned to build electrolyzers, green hydrogen plants, and related infrastructure.

Why Consider It?

• Expertise in large-scale infrastructure projects

• Collaborations with global hydrogen technology companies

• Diversifying into renewable energy solutions

5. Adani Green Energy Ltd

Part of the Adani Group, this company is one of India’s largest renewable energy firms. It has announced plans to become one of the world’s largest green hydrogen producers through its joint venture with TotalEnergies.

Why Consider It?

• Massive renewable energy capacity to support hydrogen production

• Strong vision and execution capacity

• Backing from international partners

How to Invest in Green Hydrogen Stocks in India?

Investing in the best green hydrogen stocks in India is straightforward with digital investment platforms like Appreciate. Here’s how you can get started:

1. Create an account on Appreciate.

2. Research the companies using our in-depth stock analysis tools.

3. Track performance using watchlists and price alerts.

4. Invest directly or through ETFs and mutual funds with green energy exposure.

Appreciate makes it easy to explore and invest in future-forward industries like green hydrogen—all from a single, intuitive platform.

Final Thoughts

Green hydrogen is more than a trend—it's a long-term solution to the climate crisis and a massive opportunity for investors. With the Indian government’s strong push toward a hydrogen-powered economy, companies in this sector are poised for exponential growth.

By focusing on the best green hydrogen stocks in India, you can align your portfolio with both financial returns and environmental impact. Use Appreciate to research, plan, and execute your green investment strategy with confidence.