Introduction: Why Green Hydrogen Is the Next Big Wealth Creator
In 2025, the world is racing toward a cleaner energy future — and India is leading from the front.
The government has already launched the Rs.19,744 crore National Green Hydrogen Mission, but what’s coming next is even bigger. The 2026 Hydrogen Policy Phase 2 is expected to introduce direct incentives, infrastructure subsidies, and export-focused reforms.
For investors, this isn’t just another energy story — it’s a chance to ride the next multi-decade megatrend, just like solar and EVs were 10 years ago.
The best part? While most are still ignoring it, a few listed Indian companies are already making moves — in electrolyzer manufacturing, hydrogen fuel stations, and industrial-scale pilot projects.
⚡ 1. Reliance Industries – Betting Big on Hydrogen Infrastructure
Mukesh Ambani has made it clear: Green hydrogen is the future of energy security. Through its Reliance New Energy arm, the company is building a complete value chain — from electrolyzers to hydrogen transport and storage.
In 2025, Reliance has already begun pilot testing of hydrogen-powered buses and signed MoUs with multiple global tech providers.
With deep pockets and a proven scale-up model, RIL remains India’s top bet in the green hydrogen transition.
⚙️ 2. L&T (Larsen & Toubro) – Engineering the Green Revolution
L&T is positioning itself as a technology integrator in the hydrogen sector. The company has announced multiple green hydrogen projects across refineries, steel plants, and ports.
In 2025, L&T is executing a 380kW electrolyzer-based hydrogen facility for a PSU — and is also building hydrogen-ready infrastructure for industrial clients.
As the policy expands in 2026, L&T’s engineering + EPC expertise puts it in a commanding position.
🚛 3. NTPC – Powering the Government’s Hydrogen Push
India’s largest power PSU, NTPC, has become the government’s flagship for clean hydrogen pilots.
It has:
-
Operationalized hydrogen buses in Leh
-
Started hydrogen blending in PNG pipelines
-
Commissioned hydrogen-based microgrids in Ladakh
In 2026, NTPC is expected to lead public hydrogen adoption, making it a solid low-risk PSU stock for green energy exposure.
🔬 4. INOX Wind + INOX Air Products – Fuel & Electrolyzer Play
INOX Air Products is among the first Indian players to build hydrogen refueling stations and supply industrial-grade green hydrogen.
Though not directly listed, its listed sibling, INOX Wind, could benefit from hydrogen-fueled wind projects.
The company is also exploring on-site hydrogen production and distribution, which makes it a strong indirect play in this niche.
🌎 5. Indian Oil Corporation (IOC) – The Oil Giant Turning Green
IOC is aggressively transforming from an oil company into a hydrogen-first energy player.
It has already:
-
Built the country’s first green hydrogen plant at Mathura refinery
-
Started retail trials of hydrogen fueling stations
-
Partnered with ReNew Power and L&T for electrolyzer manufacturing
If you want a large-cap, undervalued hydrogen stock, IOC fits the bill — with deep R&D, government backing, and nationwide reach.
🧠 Why You Should Act Before the 2026 Policy Launch
By 2026, India’s next Hydrogen Policy will likely include:
-
Capex subsidies for green hydrogen plants
-
Hydrogen blending mandates in gas and transport
-
Tax benefits for hydrogen exporters
By the time headlines catch up, smart investors may already be sitting on triple-digit returns.
This is your chance to position early — just like solar investors did in 2013 or EV investors did in 2018.
❓ FAQ Section (Human-readable – Paste in Compose View)
I have been following your website articles from last 10 years since I started my journey into the Indian stock market. All tour articles are really very good. Frankly speaking, I earned lot of money in your recommendations.
ReplyDeleteYour website is helping indian and forgein investors in right way. Please keep it up.
Please do not enter any spam link in the comment box.