With clean energy solutions gradually being shifted in the world, the new player for global shifts toward sustainability has been identified as green hydrogen. India, with aggressive renewable energy goals, stands out for the adoption of green hydrogen technologies. It is envisioned that by 2025, green hydrogen will witness massive growth and provide good opportunities to investors.
In this guide, we explore the best green hydrogen stocks in India for 2025: Reliance Industries, Larsen & Toubro, ONGC, NTPC, and Adani Green Energy.
Overview of Top Green Hydrogen Stocks in India 2025
| Company Name | Core Focus | Why It Stands Out | Market Position |
|---|---|---|---|
| Reliance Industries | Green hydrogen, solar energy | Massive investments in hydrogen production and technology | Leader in energy diversification |
| Larsen & Toubro (L&T) | Infrastructure and hydrogen plants | Expertise in building green hydrogen infrastructure | Leader in industrial projects |
| Oil & Natural Gas Corporation (ONGC) | Renewable energy, green hydrogen | Diversifying from oil to hydrogen production | Strong government backing |
| National Thermal Power Corporation (NTPC) | Renewable energy and hydrogen | Ambitious green hydrogen projects under India’s roadmap | Dominant in power generation |
| Adani Green Energy | Solar, wind, and hydrogen | Rapid expansion in green energy solutions | Pioneer in renewable energy projects |
1. Reliance Industries
Reliance Industries is a colossus in India’s energy sector that has diversely expanded its operations by investing in renewable energy. So, green hydrogen is not only at the heart of Reliance’s bigger plan to be a net zero company by 2035 but also as part and parcel of this ambition and the long-term growth envisioned for investors in the product.
Key Strengths:
- $10 billion investment in clean energy projects.
- Partnerships for advanced hydrogen technology development.
- Focus on building integrated renewable energy facilities.
2. Larsen & Toubro (L&T)
L&T is a name synonymous with the engineering and construction industries in India. The company has now ventured into green hydrogen production through its infrastructure know-how. L&T, through its technical prowess and strategic collaborations, stands to be one of the important enablers for the green hydrogen transition in India.
Key Strengths:
- Specializes in building hydrogen plants and electrolyzers.
- Collaborations with global firms for hydrogen technology.
- Focus on developing hydrogen-powered industrial solutions.
3. Oil & Natural Gas Corporation (ONGC)
ONGC is India’s largest oil and gas producing company and now seeks to diversify into renewables, including green hydrogen in line with global energy trends. With its wide-scale infrastructure and expertise in the production of energy, it is well-placed to make a leadership play in hydrogen.
Key Strengths:
- Government support for transitioning to clean energy.
- Research and development in hydrogen fuel cells.
- Pilot projects in offshore green hydrogen production.
4. National Thermal Power Corporation (NTPC)
As NTPC is India’s biggest power generation company, renewable energy initiatives, including solar, wind, and, now, green hydrogen are at the forefront. Considering NTPC’s predominant position in India’s power sector and commitment to clean energy, it is quite a reliable stock for a green hydrogen investor.
Key Strengths:
- Ambitious plans to produce green hydrogen on a large scale.
- Partnerships with international firms for hydrogen technology.
- Pilot projects focusing on hydrogen blending and mobility.
5. Adani Green Energy
Adani Green Energy leads in renewable energy by undertaking solar and wind projects, but has recently also enhanced its portfolio with green hydrogen, where it plans to lead the world in sustainable solutions. This aggressive expansion policy and emphasis on sustainability set Adani Green Energy out as a promising player in the hydrogen market.
Key Strengths:
- Rapid growth in renewable energy capacity.
- Significant investments in hydrogen production facilities.
- Global partnerships for technology and infrastructure.
Why Invest in Green Hydrogen Stocks?
- Rising Demand: Steel, transportation, and chemicals industries are switching to green hydrogen for low emission.
- Government Support: National Hydrogen Mission is one such policy that encourages the production and consumption of green hydrogen.
- Global Market Trends: The sustainability aspect of hydrogen-related businesses ensures long-term growth.
- Diversification: Investment in hydrogen stocks helps to diversify your portfolio in the renewable energy sector.
Factors to Consider Before Investing
- Financial Health: Check a company’s financial stability and past performance.
- Technological Investment: Companies investing in advanced hydrogen technologies are a focus.
- Regulatory Support: Companies aligned with government energy policies are favored.
- Global Partnerships: Companies with international partnerships usually have good growth potential.
Conclusion
The green hydrogen industry is seen to expand exponentially by 2025 as government support and the broader pursuit of sustainability in global arenas gains momentum. Here, top picks for green hydrogen include Reliance Industries, Larsen & Toubro, ONGC, NTPC, and Adani Green Energy– good avenues for those eyeing benefit from this new form of clean energy transition.
All those are great stocks that make money off this great and groundbreaking mixture of innovation, market leaders, and long-term potential for growth. Conduct deeper and meaningful research, monitor sectoral trends, and broaden your portfolio to ride with the green hydrogen revolution wave.
Frequently Asked Questions (FAQs)
Which green hydrogen stock has the highest growth potential?
Reliance Industries and Adani Green Energy stand out for their aggressive expansion strategies.
Why is green hydrogen important for India’s energy sector?
Green hydrogen reduces carbon emissions and aligns with India’s renewable energy goals.
Are green hydrogen stocks a safe investment?
While they offer high growth potential, they come with risks tied to emerging technology and regulations.
How does NTPC contribute to green hydrogen production?
NTPC is piloting hydrogen blending and developing large-scale production facilities.
Is L&T a good investment for green hydrogen?
Yes, L&T’s expertise in infrastructure and partnerships in hydrogen technology make it a strong contender.
