Which Indian Companies Are Powering the Nation’s Green Hydrogen Revolution?
India’s hydrogen ecosystem is rapidly evolving, aligning with the government’s vision for energy independence and carbon neutrality. With Nitin Gadkari calling hydrogen “the fuel of the future,” several top Indian corporates are now spearheading large-scale investments in hydrogen production, storage, and fuel cell technologies.
The focus is shifting toward green hydrogen—produced using renewable energy—to decarbonize hard-to-abate sectors like transport, refining, steel, and power. This aligns with India’s target to emerge as a global leader in clean energy exports over the coming decade.
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Let’s look at the key companies driving India’s hydrogen transformation and how each one is contributing to the green energy transition.
Reliance Industries Ltd.: Leading India’s green hydrogen race, Reliance is building a massive integrated hydrogen production complex in Jamnagar. The facility aims to produce green hydrogen using solar and wind power, backed by its “New Energy” roadmap for global decarbonization leadership.
Indian Oil Corporation Ltd. (IOCL): IOCL is advancing hydrogen fuel cell technologies and piloting green hydrogen production at refineries. The company envisions using hydrogen in mobility and refining operations to reduce carbon emissions.
NTPC Ltd.: India’s largest power producer is diversifying into hydrogen and methanol through global partnerships, including one with Japan’s ENEOS Corporation. NTPC’s hydrogen pilots span transport and industrial applications, reinforcing its clean energy transition.
Larsen & Toubro Ltd. (L&T): The engineering giant is developing electrolyzers for green hydrogen production, integrating its EPC strengths with technology partnerships to support domestic manufacturing under the Make in India initiative.
Bharat Petroleum Corporation Ltd. (BPCL): BPCL is investing in hydrogen infrastructure and pilot production units to supply clean fuel to refineries and mobility segments. Its roadmap supports India’s move toward a low-carbon fuel economy.
JSW Energy Ltd.: JSW is planning a large-scale green hydrogen and green ammonia project aimed at export markets. The company’s goal is to leverage renewable energy assets to produce cost-competitive green fuel solutions.
GAIL (India) Ltd.: India’s largest gas utility is collaborating with Cummins for hydrogen production and storage technologies. GAIL is building pilot plants and exploring hydrogen blending into natural gas pipelines to accelerate adoption.
Union Minister Nitin Gadkari reiterated that hydrogen would transform the nation’s economic and energy framework. His statement underscores how India’s public and private sectors are moving in sync to achieve the ambitious National Green Hydrogen Mission.
✅ Investor Takeaway: Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that India’s hydrogen ecosystem is evolving from concept to execution. With industrial heavyweights investing in electrolyzers, infrastructure, and fuel innovation, the sector presents a long-term opportunity for investors aligned with sustainability and policy-driven growth themes.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
