Best Green Hydrogen Stocks in India

What are Green Hydrogen Stocks in India?

Green hydrogen is a form of renewable energy. Green hydrogen energy stocks refer to the hydrogen companies’ stock in India that produce, store, and distribute green hydrogen. Companies in the green hydrogen energy market in India use wind or solar power to power the electrolysis process for green hydrogen production, where an electrolyser is used to split water into hydrogen and oxygen.

About the Top Green Hydrogen Companies in India

1. Bharat Petroleum Corporation Ltd: In 2021, BPCL partnered with the Bhabha Atomic Research Centre (BARC) to develop alkaline electrolyser technology for green hydrogen production.
2. Indian Oil Corporation Ltd: Indian Oil Corporation Ltd (IOCL) is India’s largest oil-refining and marketing company, expanding its presence in green hydrogen.. 
3. Jindal Stainless Ltd: Haryana’s first green hydrogen project in Hisar was set up by Jindal Stainless Ltd. with Hygenco. This project aims to cut 2,700 metric tonnes of carbon emissions annually, totalling 54,000 tonnes over 20 years. 
4. Oil and Natural Gas Corporation Ltd: ONGC plans to invest ₹ 800-850 bn ($9.6-10.2 bn) by 2035 to establish a green hydrogen production capacity of two million tonnes per year. 
5. Gail (India) Ltd: GAIL is actively working on hydrogen blending and electrolyser projects to support India’s clean energy transition and reduce carbon footprints.

Budget Allocations in the Green Hydrogen Sector in 2025-26

The National Green Hydrogen Mission sees its budget doubled to ₹600 cr. in the Union Budget 2025-26, against ₹300 cr. (Received Estimate) in 2024-25. Targeting an annual production of 5 mn metric tons by 2030, this mission seeks to transform India into a major global producer and exporter of green hydrogen. The National Green Hydrogen Mission is designed to facilitate the transition to a low-carbon economy, reduce dependence on fossil fuel imports, and establish India as a leader in green hydrogen technology and market dynamics.

How to Invest in Green Hydrogen Stocks?

​​Here is how you can invest in green hydrogen stocks in India: 

1. Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
2. Conduct thorough research into the best green hydrogen stocks in India that are of interest to you. Investors can use tools like the Tickertape Stocks Screener to do this. The screener offers 200+ built-in filters to choose from, allowing investors to generate different green hydrogen stocks lists with green hydrogen stock prices.
3. Place a ‘Buy’ Order on the top green hydrogen stocks of your choosing.

Expl0re Green Hydrogen Stocks with smallcase

Green Energy smallcase: This smallcase comprises a portfolio of stocks positioned to gain from the shift in energy production towards renewables from fossil fuels. 

Disclosures for Green Energy Theme smallcase

Who Should Explore Green Hydrogen Sector Stocks?

• Risk-Tolerant Investors: Given the emergent nature of the green hydrogen industry, it can entail higher volatility and risk. Investors exploring hydrogen stocks for long-term growth should be able to withstand potential downturns and have a higher risk tolerance.
• ESG-focused Investors: Individuals or institutions looking to bolster their portfolios with environmentally sustainable investments will find that top green hydrogen stocks align well with their goals.
• Diversified Investors: Green hydrogen stocks can broaden the investment landscape for those seeking to diversify their portfolios across different energy sources, particularly in renewable energy stocks and emerging technologies like hydrogen power stocks.

Benefits of Investing in Green Hydrogen Stocks India

• Growth Potential: The demand for clean energy is increasing as more countries and businesses commit to reducing their carbon footprint. 
• Diversification: Green hydrogen investment India or the top hydrogen companies India are less likely to be correlated with other assets in your portfolio, such as traditional renewable hydrogen energy stocks or bonds.
• Environmental Benefits: Green hydrogen shares in India support transitioning to a more sustainable and environmentally friendly energy system. Thus, investing in green hydrogen companies stock that produce or use green hydrogen can potentially contribute to developing a low-carbon economy.
• Innovation and Technological Advancements: Investing in green hydrogen sector stocks india can support the development of new technologies and innovations in the energy sector.

Risks of Investing in Green Hydrogen Stocks

• High Costs: Some may view the production of green hydrogen as expensive due to the hydrogen technology used in the electrolysis process. The green hydrogen share prices might also be affected by these costs. 
• Limited Infrastructure: The infrastructure for storing, transporting, and distributing green hydrogen is not yet well developed. 
• Competition from Fossil Fuels: Though fossil fuels remain cheaper than green hydrogen, they are harmful in the long run.
• Regulation and Policy: Regulations and policies surrounding the production and use of green hydrogen are still in their early stages.

Factors to Consider Before Investing in Green Hydrogen Companies in India

• Government Policies and Regulations: Green hydrogen production in India is in its nascent stages, making it essential for investors to stay informed about renewable energy policies that may affect green hydrogen energy stocks India,. 
• Financial Performance: Reviewing financial statements, including revenue growth, profit margins, and cash flow, will enable investors to make informed decisions about the best hydrogen stocks.
• Environmental Impact: Investors in green hydrogen companies listed in India are often motivated by a desire to positively impact the environment. Therefore, investors need to evaluate the environmental impacts of the top green hydrogen companies India that they are considering, especially when looking at the future of green hydrogen.