Top Green Hydrogen Stocks in India 2023

Green hydrogen refers to the hydrogen which is generated by renewable energy basically by the process of electrolysis. They have low carbon emissions, zero polluting emissions, and the most sustainable hydrogen.

In 2023, A budget of Rs. 35,000 cr has been sanctioned for the capital investment towards energy to reach India’s goal of zero carbon emission by 2070.

Reliance and Ashok Leyland Jointly unveiled India’s First Hydrogen Combustion Engine Technology Solution for Heavy-duty Trucks, which emits zero emissions, reduces operating costs, and also reduces pollution.

Reliance Industries Ltd (RIL)

ONGC is the biggest crude oil and natural gas company in India. They have market capital of worth 1,94,994.33 cr and return on investment is 12.64 % and its fundamental score is around 10.00.

Oil & Natural Gas Corporation (ONGC)

By 2040, BPCL aims to complete a 20-megawatt green hydrogen plant in Madhya Pradesh which will be largest in India so far. BPCL aims to rise 1000MW by 2027 only by using renewable sources and green energy.

Bharat Petroleum Corporation Ltd (BPCL)

By 2046 IOC plans to install green hydrogen plant at all their refineries to get zero emissions. The total cost use will be around 2lakh cr.

Indian Oil Corporation Ltd

The companies collaborated for a 20-year hydrogen offtake with Hygenco to build and operate a multi-megawatt green hydrogen facility costing around $300 million.

Jindal Stainless Ltd

JSW proposes to increase its focus on battery storage solutions.Currently the company is constructing 2.2 GW of Greenfield Renewable energy capacity in 2023 and increase it by 10GW till 2025and further increase by 20 GW till 2030.

JSW  Energy Ltd