Green Hydrogen (symbolic photo)Image Credit source: ai generated
Many countries of the world including India are now moving towards clean energy. The next big energy change in India may come not just from grid, solar or wind energy, but from green hydrogen. The government has started the National Green Hydrogen Mission for this. Under this mission, a target has been set to produce 5 million metric tons (MMT) of green hydrogen by the year 2030. For this, the government has fixed a budget of ₹19,744 crore till FY30.
The government has allocated ₹2,220 crore for electrolyzer manufacturing and ₹2,239 crore for hydrogen production. Advait estimates that the market for green hydrogen and its related technologies could be around ₹70,000 crore. The government is promoting the use of hydrogen in refinery, fertilizer, steel and heavy industries so that pollution can be reduced. For this reason many companies are investing rapidly in this sector.
cleaner and better fuel
Green hydrogen is a cleaner and better fuel for the environment. It is made by converting water into hydrogen with the help of special technology like electrolyzer. Later this hydrogen can be converted into electricity again through fuel cell. If you invest in the stock market and your choice is stocks like solar or wind energy, then you should also look towards green hydrogen. Here we are telling you about three such companies which are betting on green hydrogen.
1. Sterling & Wilson Renewable Energy
Sterling & Wilson Renewable Energy (SWREL) is a large renewable energy EPC company. This company works on solar, wind, battery storage and waste-to-energy projects. The company is now also increasing focus on green hydrogen and battery energy storage system (BESS). Reliance Industries has 40% stake in SWREL, from which the company can get big benefits. Reliance itself is working on a plan to produce 3 million tonnes of green hydrogen. SWREL has got India’s largest BESS project in Rajasthan. The company has also started Solar + BESS pilot project in Jamnagar, Gujarat. The company’s revenue increased by 20% to ₹7,548 crore in FY26. EBITDA increased by 53% to ₹444 crore. However, the company suffered a net loss of ₹296 crore due to extraordinary loss of ₹611 crore. The company’s order book has reached ₹11,813 crore and a growth target of 15% has been set in FY27.
2. Advaita Energy Transition
Advaita Energy Transition (AETL) is a company providing power transmission and telecom network solutions. Now the company is expanding rapidly in the green hydrogen sector. The company has planned to start an electrolyzer manufacturing plant in Gujarat. Its initial capacity will be 120 MW, which will be further increased to 300 MW. The entire plant is expected to be operational by 2027. Advaita has also made technology partnerships with many foreign companies. These include companies like Norway’s TECO2030 and Austria’s AVL List. The company aims to achieve 95% Make in India manufacturing. The company expects to generate revenue of ₹200-300 crore in the first year after the full capacity is operational. According to the company, the price of electrolyzer can be ₹ 3.5 crore to ₹ 6 crore per MW. Apart from this, there will also be income from compressor, piping and cooling system.
3. INOX India
INOX India is a cryogenic equipment manufacturing company. It produces systems to store and transport gases at extremely low temperatures. To safely store and transport green hydrogen, a temperature of -253°C is required. For this reason the demand for cryogenic technology is increasing rapidly. INOX India has completed its first liquid hydrogen tank project in South Korea. The company has also received a big order for 86 kiloliter liquid hydrogen storage tank from ISRO. Apart from this, the company has partnered with Fabrum of New Zealand to expand hydrogen business in the Asia-Pacific region. The company’s revenue increased by 20% to ₹1,157 crore in FY26. EBITDA increased by 23% to ₹281 crore and net profit increased by 24% to ₹189 crore. The company has an order backlog of ₹1,457 crore.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money related decisions.
