Best Green Hydrogen Stocks in India (2025)
Green hydrogen stocks are emerging as India invests in clean fuel alternatives to decarbonize heavy industries and meet net-zero goals.
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 LtdRELIANCE | Oil & Gas - Refining & MarketingOil & Gas - Refining & Marketing | 20,23,375.3120,23,375.31 | 1,495.201,495.20 | 29.0529.05 | -1.45-1.45 | 4.944.94 | 20.6020.60 | -5.41-5.41 | 2.192.19 | 7.947.94 | 9.609.60 | 0.370.37 | 0.500.50 | 1.551.55 | |
| 2. | Larsen and Toubro LtdLT | Construction & EngineeringConstruction & Engineering | 4,86,959.764,86,959.76 | 3,540.603,540.60 | 32.3832.38 | -0.95-0.95 | -2.45-2.45 | 2.202.20 | -2.22-2.22 | 4.224.22 | 13.8013.80 | 18.9118.91 | 0.960.96 | 1.151.15 | 1.821.82 | |
| 3. | NTPC LtdNTPC | Power GenerationPower Generation | 3,32,304.753,32,304.75 | 342.70342.70 | 14.1914.19 | 0.370.37 | 0.180.18 | 14.9214.92 | -9.12-9.12 | 2.012.01 | 13.1713.17 | 11.9211.92 | 2.442.44 | 1.441.44 | 1.821.82 | |
| 4. | Power Grid Corporation of India LtdPOWERGRID | Power Transmission & DistributionPower Transmission & Distribution | 2,77,669.532,77,669.53 | 298.55298.55 | 17.8917.89 | -0.23-0.23 | -0.12-0.12 | 3.813.81 | -12.91-12.91 | 3.193.19 | 18.3018.30 | 13.5313.53 | 3.013.01 | 1.421.42 | 1.851.85 | |
| 5. | Adani Power LtdADANIPOWER | Power GenerationPower Generation | 2,32,939.832,32,939.83 | 603.95603.95 | 18.0018.00 | -0.31-0.31 | 1.561.56 | 34.2434.24 | -16.20-16.20 | 4.034.03 | 25.5925.59 | 20.4220.42 | -- | 0.680.68 | 3.233.23 | |
| 6. | Indian Oil Corporation LtdIOC | Oil & Gas - Refining & MarketingOil & Gas - Refining & Marketing | 2,12,736.462,12,736.46 | 150.65150.65 | 15.6415.64 | -1.10-1.10 | 6.946.94 | 23.4923.49 | -13.64-13.64 | 1.131.13 | 25.1925.19 | 9.909.90 | 1.941.94 | 0.700.70 | 2.032.03 | |
| 7. | Adani Green Energy LtdADANIGREEN | Renewable EnergyRenewable Energy | 1,61,691.861,61,691.86 | 995.20995.20 | 111.97111.97 | -0.06-0.06 | -6.33-6.33 | 11.8511.85 | -43.04-43.04 | 7.167.16 | 7.227.22 | 8.218.21 | -- | 3.553.55 | 3.923.92 | |
| 8. | Bharat Petroleum Corporation LtdBPCL | Oil & Gas - Refining & MarketingOil & Gas - Refining & Marketing | 1,49,613.361,49,613.36 | 344.85344.85 | 11.2211.22 | -1.74-1.74 | 9.479.47 | 29.9829.98 | 12.4812.48 | 1.981.98 | 41.5941.59 | 17.9217.92 | 2.862.86 | 0.720.72 | 2.122.12 | |
| 9. | Gail (India) LtdGAIL | Gas DistributionGas Distribution | 1,19,594.121,19,594.12 | 181.89181.89 | 9.619.61 | -2.04-2.04 | -5.65-5.65 | 5.665.66 | -20.71-20.71 | 1.551.55 | 13.9113.91 | 16.3416.34 | 4.124.12 | 0.280.28 | 2.302.30 | |
| 10. | Adani Total Gas LtdATGL | Gas DistributionGas Distribution | 70,910.2670,910.26 | 644.75644.75 | 108.36108.36 | -1.10-1.10 | -8.95-8.95 | 2.632.63 | -27.93-27.93 | 16.8616.86 | 16.8116.81 | 15.9215.92 | 0.040.04 | 0.440.44 | 3.283.28 | |
| 11. | Oil India LtdOIL | Oil & Gas - Exploration & ProductionOil & Gas - Exploration & Production | 70,318.2570,318.25 | 432.30432.30 | 10.7310.73 | -1.19-1.19 | -2.33-2.33 | -4.44-4.44 | -21.54-21.54 | 1.341.34 | 13.4113.41 | 13.5013.50 | 2.662.66 | 0.460.46 | 3.033.03 | |
| 12. | CESC LtdCESC | Power GenerationPower Generation | 23,172.3023,172.30 | 174.81174.81 | 16.9316.93 | -2.03-2.03 | 3.583.58 | 14.9914.99 | -8.91-8.91 | 1.931.93 | 11.7811.78 | 10.2310.23 | 2.592.59 | 1.211.21 | 2.672.67 |
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.
Selection criteria: Companies that are associated with the green hydrogen sector in India, based on publicly available information.
About Green Hydrogen Sector
India has set its sights on becoming energy-independent by 2047 and achieving Net Zero by 2070. To achieve these ambitious goals, the country is increasingly turning to green hydrogen energy. This clean, sustainable fuel source is poised to play a pivotal role in India’s energy landscape.
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 million 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.
Overview of Top Green Hydrogen Stocks in India
Larsen & Toubro Ltd
L&T is a construction and engineering powerhouse venturing into green hydrogen through EPC services, electrolyser manufacturing, and strategic joint ventures. Its infrastructure and industrial expertise position it as a key enabler of India’s hydrogen economy, with plans to build green hydrogen plants for industrial decarbonisation.
NTPC Ltd
NTPC is pioneering India’s green hydrogen movement with pilot projects for hydrogen blending, mobility, and energy storage. It has launched India’s first green hydrogen microgrid and is investing in large-scale electrolysis projects, aligning with its goal to become a net-zero energy producer by 2070.
Power Grid Corporation of India Ltd
Power Grid, India’s largest power transmission PSU, supports green hydrogen development by enabling renewable energy integration into the grid. Its high-voltage networks and smart grid solutions are crucial for transporting clean energy to hydrogen production sites, forming the backbone of a national hydrogen infrastructure.
Adani Green Energy Ltd
Adani Green Energy Ltd is central to the Adani Group’s green hydrogen strategy, providing the renewable power needed for electrolysis. Backed by massive solar and wind capacity, it plays a vital role in supporting low-cost, large-scale green hydrogen and ammonia production under the group’s integrated energy transition plan.
GAIL (India) Ltd
India’s leading gas utility, GAIL is actively diversifying into green hydrogen with pilot projects focused on blending hydrogen with natural gas and setting up electrolysers. It aims to produce 4.3 tonnes of green hydrogen daily initially and scale it for transport and industrial use in the long run.
Advantages of Investing in Green Hydrogen Stocks
Support a Greener Future
Investing in green hydrogen stocks aligns your money with your values, helping reduce pollution and fight climate change.
Diversify Your Portfolio
Adding hydrogen energy stocks in India helps diversify your investments, similar to mixing different fruits in a basket, thus reducing overall portfolio risk.
Ride the Energy Transition Wave
Investing in top green hydrogen stocks in India allows you to capitalise on the global shift toward renewable energy - catching the wave early for possible financial rewards.
Join the Clean Energy Movement
Backing green hydrogen producing companies means being part of the clean energy revolution - making an investment that’s both purposeful and environmentally impactful.
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Factors to Consider Before Investing in Green Hydrogen Energy Stocks
Strong Growth Prospects
Backed by government initiatives and national missions, green hydrogen is emerging as a sustainable alternative to fossil fuels in India’s clean energy transition.
Evergreen Investment Opportunities
Companies engaged in green hydrogen production - including those working on hydrogen-powered solar panels - are expected to remain in demand as hydrogen stocks in India gain prominence.
Rising ESG Appeal
With increased focus on sustainability, investors are turning to ESG-friendly companies - like green hydrogen firms in India - that actively contribute to environmental preservation.
Future Profit Potential
From penny stocks to leading hydrogen producers, green hydrogen investments offer long-term profit opportunities, especially for those using stock screeners to track emerging trends.
Technology-Driven Growth
Green hydrogen companies are advancing with cutting-edge technologies such as electrolysis, showcasing innovation and commitment that could accelerate sectoral expansion.
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Frequently Asked Questions on Green Hydrogen Stocks
What are Green Hydrogen Stocks?
Green Hydrogen stocks represent shares of companies involved in the production, distribution, or utilisation of hydrogen produced using renewable energy sources. These companies play a pivotal role in the clean energy transition, offering sustainable alternatives to fossil fuels across various sectors, including transportation, industry, and power generation.How to invest in Green Hydrogen Stocks?
Here’s how you can invest in Green Hydrogen Stocks -- Go to the Tickertape Stock Screener
- Click on 'Green Hydrogen Stocks'.
- Analyse and sort the Green Hydrogen Stocks using over 200+ filters—including valuation ratios, financials, technical indicators, and more—based on your investment thesis.
- Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
- Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Green Hydrogen Stocks.
Disclaimer: Please do your own research or consult your financial advisor before investing.
What are some of the top Green hydrogen stocks companies listed on NSE?
Top NSE-listed Green Hydrogen Stocks in India include:- Adani Green Energy Ltd
- Bharat Petroleum Corporation Ltd
- Gail (India) Ltd
- Larsen and Toubro Ltd
- NTPC 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.
What are the factors affecting Green hydrogen stocks prices?
Several factors influence green hydrogen stock prices in India:- Government Policies: Initiatives like the National Green Hydrogen Mission and subsidies impact sector growth.
- Technological Advancements: Innovations in electrolysis and storage technologies can enhance efficiency and reduce costs.
- Global Demand: Increasing demand for clean energy solutions drives investment and stock performance.
- Company Performance: Financial health, project execution, and strategic partnerships affect investor confidence.
- Market Sentiment: Public perception and environmental concerns influence investment trends.
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. Major companies like Indian Oil and BPCL are investing in large-scale projects, such as IOCL's 10,000 TPA plant at Panipat and BPCL's joint venture with Sembcorp for green hydrogen and renewable energy projects. These developments indicate a robust future for green hydrogen stocks in India.
Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.
How to choose Green hydrogen stocks for investing?
Stocks linked to green hydrogen often relate to energy, engineering, or industrial companies exploring hydrogen projects. Interest in this segment is influenced by India’s National Green Hydrogen Mission, cost competitiveness of electrolyzers, and global decarbonization goals.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
Do Green hydrogen stocks offer regular dividends?
Dividend policies vary among Green Hydrogen companies. For instance, Indian Oil Corporation Ltd has a dividend yield of 4.57%, while GAIL (India) Ltd offers a yield of 2.63%. However, some companies, especially those in growth phases like Adani Green Energy Ltd, may reinvest profits to fund expansion and may not offer regular dividends. Investors should review individual company announcements and historical dividend records for specifics.
Disclaimer: The latest data on dividends is derived from Tickertape Stock Screener.
Is Green hydrogen stocks a good investment for the long term?
This is a nascent segment with huge promise due to India’s green hydrogen mission. But it remains high-risk, given the early-stage technology, high costs, and uncertain demand ramp-up.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
