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List of Green Hydrogen Stocks in India (2025)

India’s National Green Hydrogen Mission aims to cut fossil fuel imports by more than ₹1 lakh cr by 2030. This highlights a shift towards cleaner energy sources and may have a positive impact on companies in the green energy sector.

Top Green Hydrogen Stocks in 2025

Green Hydrogen Stock Screener

Green Hydrogen Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 12 of 12 results

last updated at 6:30 AM IST 
NameStocks (12)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Reliance Industries LtdRELIANCEOil & Gas - Refining & MarketingOil & Gas - Refining & Marketing20,82,376.8920,82,376.891,535.601,535.6029.9029.90-0.21-0.213.553.557.877.8717.3217.322.062.067.207.208.718.710.360.360.370.371.571.57
2.Larsen and Toubro LtdLTConstruction & EngineeringConstruction & Engineering5,48,581.655,48,581.653,983.603,983.6036.4836.48-0.11-0.110.130.139.859.855.115.114.754.7513.8013.8018.9118.910.850.851.151.151.751.75
3.NTPC LtdNTPCPower GenerationPower Generation3,13,153.833,13,153.83322.95322.9513.3713.370.000.00-3.54-3.54-1.91-1.91-13.36-13.361.641.6413.1513.1510.7710.772.592.591.311.311.691.69
4.Adani Power LtdADANIPOWERPower GenerationPower Generation2,79,570.222,79,570.22142.73142.7321.6121.61-1.55-1.55-6.65-6.6530.9130.9132.7632.764.844.8425.5925.5920.4220.42--0.680.683.633.63
5.Power Grid Corporation of India LtdPOWERGRIDPower Transmission & DistributionPower Transmission & Distribution2,49,674.712,49,674.71269.10269.1016.0916.090.240.24-4.65-4.65-6.74-6.74-17.21-17.212.692.6917.2617.2612.4012.403.353.351.411.411.781.78
6.Indian Oil Corporation LtdIOCOil & Gas - Refining & MarketingOil & Gas - Refining & Marketing2,31,743.642,31,743.64162.76162.7617.0417.04-0.82-0.82-2.08-2.0815.7015.7016.3716.371.211.217.177.179.559.551.831.830.800.801.971.97
7.Adani Green Energy LtdADANIGREENRenewable EnergyRenewable Energy1,66,793.061,66,793.061,013.401,013.40115.51115.510.080.08-8.86-8.860.860.86-19.63-19.637.397.397.227.228.218.21--3.553.553.323.32
8.Bharat Petroleum Corporation LtdBPCLOil & Gas - Refining & MarketingOil & Gas - Refining & Marketing1,55,492.041,55,492.04356.00356.0011.6611.66-0.67-0.67-3.46-3.4614.2714.2721.2321.231.911.9116.9916.9917.0517.052.752.750.750.752.032.03
9.Gail (India) LtdGAILGas DistributionGas Distribution1,11,953.881,11,953.88170.63170.638.998.990.210.21-7.54-7.54-9.97-9.97-17.46-17.461.311.3115.3315.3315.1415.144.404.400.250.252.182.18
10.Oil India LtdOILOil & Gas - Exploration & ProductionOil & Gas - Exploration & Production66,804.7866,804.78408.15408.1510.2010.20-0.62-0.62-5.62-5.62-3.96-3.96-16.55-16.551.221.2212.2112.2111.7711.772.802.800.560.562.602.60
11.Adani Total Gas LtdATGLGas DistributionGas Distribution65,262.7365,262.73593.00593.0099.7399.73-0.07-0.07-5.56-5.56-13.11-13.11-20.58-20.5815.5115.5116.8116.8115.9215.920.040.040.440.443.243.24
12.CESC LtdCESCPower GenerationPower Generation23,243.8823,243.88175.87175.8716.9816.980.300.30-3.01-3.014.154.15-5.76-5.761.841.8411.1411.1410.0410.042.572.571.431.432.532.53
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Companies that are associated with the green hydrogen sector in India, based on publicly available information.

Union Budget 2025-26 Allocations for the Green Hydrogen Sector

The National Green Hydrogen Mission sees its budget doubled to Rs. 600 cr. in Union Budget 2025-26, against Rs. 300 cr. (RE) in 2024-25. Targeting an annual green hydrogen production in India 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?

Investing in green hydrogen shares using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in green hydrogen stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for green hydrogen stocks: Go to Tickertape Stock Screener and select “Nifty 50” under “Stock Universe”
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top green energy shares in India.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

Overview of Top Green Hydrogen Stocks in India

Reliance Industries Ltd

Founded in 1973, Reliance Industries Ltd is one of India’s largest and most diversified conglomerates. It operates in sectors such as petrochemicals, refining, retail, telecommunications, and digital services through its subsidiary Reliance Jio.

Larsen and Toubro Ltd

Established in 1938, Larsen & Toubro Ltd is a major Indian multinational operating in the engineering, construction, technology, and power sectors. L&T is known for its large-scale infrastructure projects both within India and internationally.

NTPC Ltd

Founded in 1975, NTPC Ltd is India’s largest power utility, responsible for generating electricity through its diverse portfolio of thermal, hydro, and renewable energy plants. As part of its strategy to reduce its carbon footprint, NTPC is focusing more on renewable energy sources like solar and wind power.

Adani Power Ltd

Adani Power Ltd, founded in 1996, is a significant player in India’s power generation sector. Part of the Adani Group, the company specialises in the generation of thermal power and is one of the largest private-sector electricity producers in India.

Power Grid Corporation of India Ltd

Founded in 1989, Power Grid Corporation of India Ltd is responsible for operating the largest power transmission network in India. The company ensures the reliable and efficient transmission of electricity across the country, playing a crucial role in India’s energy distribution.

What are Green Hydrogen Stocks?

Green hydrogen stocks represent companies engaged in producing, storing, and using hydrogen made through electrolysis powered by renewable energy like solar and wind, with no carbon emissions. These stocks often cover businesses manufacturing electrolysers, developing hydrogen plants and infrastructure, or integrating hydrogen in industries and transport.

Advantages of Investing in Green Hydrogen Stocks

Growth Potential

The demand for clean energy is increasing as India and other countries move toward carbon neutrality. Green hydrogen stocks in India are gaining attention due to government support, rising global investments, and the growing use of hydrogen fuel across industries.

Diversification

Investing in green hydrogen companies provides exposure beyond traditional energy sources. They reduce dependence on fossil fuels and offer balance by tapping into a fast-growing clean energy sector.

Innovation and Technology

Green hydrogen companies are leading advancements in electrolysis, fuel cells, and storage solutions. This sector includes hydrogen technology stocks that are contributing to the development of the global energy market.

Risks of Investing in Green Hydrogen Stocks

Technological and Infrastructure Risk

India does not yet have the advanced technology or infrastructure required for the mass production and distribution of green hydrogen. This gap makes large-scale adoption difficult in the near term and could slow down sector growth.

Economic and Regulatory Risk

The setup costs for green hydrogen plants are extremely high, and regulatory frameworks are still at an early stage. Without clear and sustained policy support, companies may struggle to achieve scale and profitability.

Capital Intensity Risk

Building electrolysers, renewable-powered plants, and storage systems requires a high capital investment. Such heavy investment can strain company balance sheets, limit cash flow, and extend the timeline for returns.

Policy Dependence Risk

The growth of green hydrogen stocks is closely tied to government subsidies, incentives, and energy transition policies. Any policy reversal, delay, or reduction in support could directly affect project viability and profitability.

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Factors to Consider Before Investing in Green Hydrogen Energy Stocks

Government Policies and Regulations

Keeping track of government policies, budget allocations, and renewable energy goals is essential. These factors directly impact the growth of green hydrogen stocks and the overall clean energy sector in India.

Financial Performance

Hydrogen projects require significant upfront investments. Therefore, it's crucial to assess the financial health of hydrogen companies, including their revenue, profit margins, debt, and cash flow. This is especially important when considering smaller companies, which may face greater financial challenges.

Market Demand and Adoption

The future of green hydrogen depends on its adoption across industries like transportation, manufacturing, and energy storage. Companies closely aligned with these growing sectors are likely to benefit from India’s push toward hydrogen energy.

Technological Advancements

The growth of green hydrogen companies is closely tied to advancements in hydrogen production technology. Companies with better technology and a quicker adoption of new innovations will likely gain a competitive advantage in the market.

To Wrap It Up

Green hydrogen stocks offer great potential due to the increasing demand for clean energy, government support, and advancements in hydrogen production technology. However, there are risks such as high costs, dependence on government policies, and infrastructure challenges that can affect the green hydrogen share price. To make more informed investment decisions and pick the best green energy stocks, investors can use Tickertape Stock Screener. The tool offers over 200 filters, helping you analyse stocks based on various financial and sector-specific parameters.

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Frequently Asked Questions on Green Hydrogen Stocks

  1. 1. What are green hydrogen stocks?

    Green hydrogen shares represent companies involved in the production, distribution, or utilisation of hydrogen produced using renewable energy sources. These companies play a big role in the clean energy transition, offering sustainable alternatives to fossil fuels across various sectors.

  2. 2. How to invest in green hydrogen stocks?

    Here’s how you can invest in the green hydrogen shares -

      

    1. Go to the 

    2. Analyse and sort the green energy shares using over 200+ filters, including valuation ratios, financials, technical indicators, and more, based on your investment thesis.
      3. 

    3. Review the filtered list, and identify the best green hydrogen shares that align with your risk appetite, return expectations, and investment goals.
      4. 

    4. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Green Hydrogen Stocks.
      5. 


  3. 3. What are some of the best green energy stocks?

    As of 1st October 2025, the best green energy stocks stocks as per market capitalisation include: 

        

    1. Reliance Industries Ltd
    2. Larsen and Toubro Ltd
    3. NTPC Ltd
    4. Adani Power Ltd
    5. Power Grid Corporation of India Ltd

    Disclaimer: 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.

  4. 4. What are the factors affecting green hydrogen share prices?

    Several factors influence green hydrogen share prices, including government policies, the adoption of hydrogen technology, market demand for clean energy, and advancements in hydrogen production infrastructure

  5. 5. What is the future projection of green hydrogen stocks?

    The National Green Hydrogen Mission aims to produce 5 mn metric tons of green hydrogen annually by 2030, requiring 125 GW of renewable energy. The market is expected to grow at a CAGR of 11.11% from 2025 to 2032, reaching US$12.98 bn by 2032.

  6. 6. How to find good green energy stocks?

    To identify good green energy stocks, can use

  7. 7. Do Green hydrogen stocks offer regular dividends?

    Dividend policies vary among Green Hydrogen companies. For instance, NTPC Ltd has a dividend yield of 2.45 as of 1st October 2025. Investors should review individual company announcements and historical dividend records for specifics.

  8. 8. Are green hydrogen stocks a good investment for the long term?

    Due to the latest policy on the green hydrogen sector, the sector has attracted significant attention. However, like any equity investment, it is important to analyse individual factors like risk appetite and investment horizon.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.