Home Collections List of Top Green Hydrogen Company Stocks on NSE India 2024

List of Top Green Hydrogen Company Stocks on NSE India 2024

List of Top Green Hydrogen Company Stocks on NSE India 2024
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According to researchers, energy use has doubled in the last 20 years and is likely to grow by at least another 25% by 2030. Yes, you read that right. As a result, many countries are investing rapidly in renewable energy resources, and green hydrogen is one of them. Consequently, green hydrogen stocks India, its manufacturers, and green hydrogen energy in India are gaining popularity. Along with green hydrogen stocks of companies involved in producing, storing, and distributing green hydrogen have become increasingly popular among investors. 

In this blog, we are discussing popular green hydrogen stocks India and how they can be a potential investment. So, read on to learn more about the same. 

What are Green Hydrogen Stocks India?

Green hydrogen is a form of renewable energy. It is formed when water (H₂O) molecules are split into two chemical components: Hydrogen (H2) and Oxygen (O2). Thus, when we talk about green hydrogen, we mean hydrogen obtained without emitting pollution, i.e. sustainable hydrogen. A fuel already being hailed as the key to global decarbonisation and fulfilling climate change commitments by 2050.

Some of the cleanest energy sources are solar power, wind power, hydropower, geothermal energy, etc. 
Now, coming back to the question, green hydrogen energy stocks in the stock market refer to the stock of companies involved in producing, storing, and distributing green hydrogen. These green hydrogen companies stock in India use wind or solar power to power the electrolysis process for green hydrogen production. Therefore, the green hydrogen stock price is expected to grow rapidly in the coming years, with the global green hydrogen market projected to reach $11.7 billion by 2026.

Best Green Hydrogen Stocks in India 2024

Thus, let’s look at the popular green hydrogen stocks in India, with the green hydrogen share prices, that have been promising investments for many years. These hydrogen fuel companies listed in India have been ranked for educational purposes.  

Green Hydrogen Companies Stock in IndiaSub-SectorMarket Cap (in Cr)5-Year Return on InvestmentShare Price
Reliance Industries LtdOil & Gas – Refining₹18,51,0227.29₹2,657.15
Oil and Natural Gas Corporation LtdOil & Gas – Exploration₹2,93,8128.49₹229.9
NTPC LtdPower Generation₹2,90,2216.74₹302.6
Power Grid Corporation of India (PGRD)Power Transmission & Distribution₹2,17,1229.68₹237.95
Adani Green Energy LtdRenewable Energy₹2,51,5835.62₹1,680.9
Indian Oil Corporation LtdOil & Gas – Refining₹2,04,0519.76₹138.95
Adani Total Gas LtdGas Distribution₹1,08,12219.23₹996.35
Adani Transmission LtdPower Infrastructure₹1,18,8559.15₹1,056.15
Adani Power LtdPower Generation₹2,01,9308.59₹517.55
GAIL (India) LtdGas Distribution₹1,07,53513.93₹157.2
Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Note: The data in the green hydrogen share price list is from 23rd January, 2024. However, for real-time updates on stock prices and market trends, visit smallcase stocks collection today!

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Top Green Hydrogen Plants in India | Top Green Hydrogen Companies in India: An Overview

Here is a brief overview of the top green hydrogen companies in India listed in NSE, from our curated educational list above: 

Reliance Industries

Reliance Industries has committed a substantial $10 billion investment in green hydrogen production over the coming decade. They are in the process of establishing a 1 GW green hydrogen facility in Jamnagar, Gujarat, with plans for it to be operational by 2025. This plant will rely on renewable energy sources to power its electrolyzers, responsible for hydrogen production. Reliance Industries is one of the largest green hydrogen manufacturers in India 

GAIL (India)

GAIL is actively constructing a green hydrogen plant in Hazira, Gujarat, with a targeted production capacity of 4.3 tonnes per day (tpd). This facility is anticipated to commence operations by the close of 2023. The hydrogen generated here will be blended with natural gas, serving applications in transportation and industry. It is one of the best green hydrogen stocks in India in 2024. 

Indian Oil Corporation

Indian Oil Corporation is in the process of establishing a 10 tpd green hydrogen plant in Panipat, Haryana. Their goal is to have this plant operational by 2025. The hydrogen produced will be employed as fuel for hydrogen fuel cell vehicles.

Power Grid Corporation of India (PGRD)

The Power Grid Corporation of India generated an impressive operating revenue of Rs. 45,840.70 Cr. in the last 12 months. A robust 9% annual revenue growth is commendable, coupled with an excellent pre-tax margin of 39% and an exceptional return on equity (ROE) of 18%.

Adani Green Energy Ltd

Adani Green Energy generated an impressive operating revenue of Rs. 8,967.00 Cr. in the last 12 months, boasting an exceptional annual growth rate of 55%. The pre-tax margin stands at a commendable 18%, reflecting strong financial performance. Additionally, the return on equity (ROE) is a solid 16%. It is one of the best green hydrogen stocks India for 2024. 

Indian Oil Corporation Ltd

Indian Oil Corporation generated an impressive operating revenue of Rs. 787.38 billion in the last 12 months, marking a remarkable annual growth of 43%. While the pre-tax margin stands at 2% and the return on equity (ROE) at 7%, there is room for improvement in both areas. It is one of the best green hydrogen stocks India for 2024. 

Adani Total Gas Ltd

Adani Total Gas boasts a robust trailing 12-month operating revenue of Rs. 4,371.99 Cr. Notably, the company has achieved an impressive 43% annual revenue growth, coupled with a commendable pre-tax margin of 16% and an exceptional ROE of 18%.

Adani Transmission Ltd

Adani Transmission Limited is engaged in engineering, construction management / operation and maintenance business. The Company’s businesses include engineering, procurement and construction (EPC) and Utilities. It is one of the best green hydrogen stocks in India. 

Adani Power Ltd

Adani Power (NSE) generated an impressive operating revenue of Rs. 42,002.59 Cr. in the last 12 months. Notably, the company achieved a remarkable annual revenue growth of 36%, boasted a strong pre-tax margin of 20%, and exhibited an exceptional ROE of 65%, making it the one the best hydrogen shares India.

GAIL (India) Ltd

Gail (India) generated an impressive operating revenue of Rs. 134,865.45 Cr. in the last 12 months. The 56% annual revenue growth is noteworthy. However, there is room for enhancement in the pre-tax margin, currently at 4%. The ROE stands at a fair 8%, but improvement is possible. It is also one of the top hydrogen shares India on our list!

Factors to Consider Before Investing in Green Hydrogen Companies in India

Investing in green hydrogen companies in India or green energy stocks may be a promising opportunity for investors looking to capitalize on the growth potential of the clean energy industry. Here are some of the most important factors to keep in mind:

  • Government Policies and Regulations: Green hydrogen production and usage in India is still in its early stages. Thus, investors should monitor government policies related to renewable energy, including the National Green Hydrogen Projects. And the potential incentives, and subsidies available to green hydrogen companies.
  • Market Demand and Growth Potential: The market demand for green hydrogen shares India and its growth potential are important factors. Thus, investors should research the potential demand for green hydrogen stock in India and evaluate the long-term prospects of green hydrogen companies in India.
  • Financial Performance: Evaluating the financial performance of green hydrogen companies in India is crucial before investing. Thus, investors should review the company’s financial statements, including revenue growth, profit margins, and cash flow to make an informed decision.
  • A Viable Alternative Energy Source: Investing in green hydrogen companies in India is driven by the desire to impact the environment positively. Hence, investors should evaluate the environmental impact of the green hydrogen producing companies in India stocks they are considering.

Features of Green Hydrogen Stocks India

Green hydrogen stocks in India NSE represent a burgeoning sector at the forefront of sustainable energy. Understanding their distinctive features is crucial for informed investment decisions.

Production Methods

Green hydrogen fuel stocks in India derive their appeal from environmentally friendly production methods. Electrolysis powered by renewable energy sources, such as solar and wind, distinguishes them from conventional hydrogen production.

Carbon Neutrality

A defining feature of green hydrogen fuel stocks India is the commitment to carbon neutrality. Companies in this sector strive to minimize or completely offset their carbon footprint, contributing to global efforts to combat climate change.

Technological Innovation

Green hydrogen stocks in India often invest in cutting-edge technologies. Advanced electrolysis techniques, efficient storage solutions, and scalable production methods are indicative of hydrogen fuel companies in India driving innovation within the green hydrogen landscape.

Strategic Partnerships

Successful green hydrogen related stocks in this field often form strategic partnerships with energy companies, governments, and technology providers. These collaborations enhance the scalability and viability of green hydrogen initiatives.

Policy and Regulatory Environment

The regulatory landscape significantly impacts green hydrogen related stocks in India. Awareness of supportive policies, subsidies, and regulatory frameworks is vital for assessing the long-term viability and growth potential of these green hydrogen stocks in India.

Market Dynamics

Understanding market dynamics is essential for investing in hydrogen related stocks. Factors such as global demand for green hydrogen in India, competition, and geopolitical influences play a role in shaping the performance of green hydrogen stocks in India.

National Green Hydrogen Mission-2023

As India’s growth story unfolds, its demand for energy and resources is set to rise. With a goal to become energy-independent by 2047 and achieve Net Zero emissions by 2070, the National Hydrogen Mission will be acting as a catalyst for new opportunities.

In India, the National Green Hydrogen Mission promotes the development and use of green hydrogen. Furthermore, as a part of the National Budget 2023, India’s National Green Hydrogen Mission has received INR 19,700 crore to promote the use of hydrogen as a clean and renewable energy source.

Additionally, the main objective is to increase hydrogen production and reduce dependence on fossil fuels. Therefore, to achieve this, the mission promotes the development of technologies that produce hydrogen, such as hydrolysis, steam methane reforming, and biomass gasification. 

Hence, the Mission is expected to facilitate the deployment of the Green Hydrogen ecosystem and renewable energy by creating opportunities for innovation, investments and economic growth.

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What are the Advantages of Adding Green Stocks to Your smallcase Portfolio?

Thus, there are several advantages to adding green hydrogen stocks in India to your portfolio or you can simply do portfolio investing on smallcase platform. Now, let’s have a look at the benefits: 

  • Growth Potential: The demand for clean energy is increasing as more countries and businesses commit to reducing their carbon footprint. As a result, the demand for green hydrogen stocks India in India is expected to grow rapidly in the coming years, which could lead to significant opportunities.
  • Diversification: Adding green hydrogen stocks India in NSE to your portfolio may help diversify your investments, which can help reduce risk. This is because green hydrogen investments are likely less correlated with other assets in your portfolio, such as green hydrogen stocks or bonds.
  • Environmental Benefits: Green hydrogen stocks in India support transitioning to a more sustainable and environmentally friendly energy system. Thus, by investing in companies that produce or use green hydrogen, you are potentially contributing to the development of a low-carbon economy.
  • Innovation and Technological Advancements: Investing in green hydrogen related stocks in India can support the development of new technologies and innovations in the energy sector. Hence, this can lead to new investment opportunities as companies develop and commercialize new products and services.

What are the Challenges Ahead?

The adoption of green hydrogen faces several challenges, which can be viewed as opportunities for innovation and growth in the industry. 

High Costs

For some, the production of green hydrogen can be viewed as expensive due to the hydrogen technology used in the electrolysis process. However, with increased demand and technological advancements in the industry, there will be cost reductions with increased efficiency.

Limited Infrastructure

The infrastructure for storing, transporting, and distributing green hydrogen is not yet well-developed. However, it is an opportunity for green hydrogen companies India to invest in new infrastructure (such as pipelines and storage facilities), creating new jobs, and economic growth.

Competition from Fossil Fuels

Though fossil fuels remain cheaper than green hydrogen, they are harmful in the long run. Thus, increasing awareness about the environmental impacts of fossil fuels presents an opportunity for green hydrogen to become a more competitive option in the long run.

Regulation and Policy

Regulations and policies surrounding the production and use of green hydrogen are still in their early stages. However, this presents an opportunity for policymakers to work collaboratively with industry leaders to incentivize the growth of the green hydrogen industry.

To Wrap It Up…

To conclude, green hydrogen is gaining attention as a clean energy source that can contribute to a sustainable future. Therefore, governments worldwide are prioritizing decarbonization and renewable energy, resulting in the rise of green hydrogen share price India. Thus, by investing in green hydron stocks at smallcase, individuals can benefit from potential financial gains and contribute to a cleaner and more sustainable future.

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FAQs

1. How can I invest in green hydrogen sector stocks?

You can invest in green hydrogen stocks via:
– Stock Market
– Mutual Funds
– Exchange Traded Funds
– smallcase

2. What is Green Hydrogen used for?

Green hydrogen is used for various purposes. A few of them are;
– Transportation
– Industrial Processes
– Energy Storage
– Hydrogen Fuel Cells
– Chemical Industry

3. How is green hydrogen made?

Green hydrogen is hydrogen gas produced through a process known as electrolysis, where water (H2O) is split into its constituent elements, hydrogen (H2) and oxygen (O2), using electricity.

4. What are the best 3 green hydrogen stocks should I buy?

The best 3 green hydrogen stocks are Reliance Industries Ltd, ONGC, and NTPC Ltd.
Note: This list is for educational purposes only and is not meant to be recommendatory.

5. Is it a good time to invest in green hydrogen stocks?

The timing to invest in green hydrogen fuel stocks in India depends on various factors, including your financial goals, risk tolerance, and market conditions. Green hydrogen is a promising but evolving sector. It’s crucial to conduct thorough research, consider the growth prospects, and assess your own investment strategy before investing.

6. Who should invest in green hydrogen sector stocks?

Investors interested in sustainable energy and long-term growth potential may consider green hydrogen fuel stocks. However, it’s crucial to diversify and assess personal financial goals and risk tolerance before investing.