Best Green Hydrogen Stocks in India 2025 | High-Growth Potential Stocks

Green hydrogen stocks in India are shares of companies that are engaged in the production or development of green hydrogen. It is a clean fuel made by splitting water using renewable energy sources, such as solar or wind. These green hydrogen companies in India may be directly involved in producing hydrogen, manufacturing electrolysers, or building infrastructure for related requirements.

The best green hydrogen stocks in India include Larsen & Toubro, Reliance Industries Limited, GAIL (India) Limited, Waaree Technologies Limited, Oil and Natural Gas Corporation, and more. These green hydrogen stocks have exposure to a highly dominant sector to increase investors’ wealth. 

List of Green Hydrogen Stocks in India

Explore the best green hydrogen stocks in India to invest in 2025.

Disclaimer: The above table is for informational purposes only. Univest is not suggesting buying or selling these best green hydrogen stocks in India. The data is derived from Univest stocks and is subject to real-time updates. 

Green Hydrogen Companies in India: Brief Overview

Some of the best green hydrogen stocks in India are Larsen & Toubro, Reliance Industries, Tata Power Company Ltd., and more. These green hydrogen companies in India carry immense potential to drive the hydrogen energy sector in India forward. 

1. Larsen & Toubro

Founded: 1938

Headquarters: Mumbai, India

Market Capitalisation: ₹457636 cr.

Larsen & Toubro (L&T) is maintaining its presence in the hydrogen energy sector in India by taking initiatives like manufacturing electrolysers and commissioning green hydrogen projects in India. They have multiple partnerships coupled with strategic investments, thus positioning the company as a strong leader of the green hydrogen stocks in India. The present market price of the stock is ₹3350.2.

2. Reliance Industries

Founded: 1966

Headquarters: Mumbai, India

Market Capitalisation: ₹1851905 cr.

Reliance Industries is one of the largest green hydrogen companies in India that is integrating green hydrogen projects in India and is related to its energy solutions as a fundamental part of its future services. The company’s green hydrogen is utilised for domestic consumption and global sales purposes, contributing substantially to reducing carbon emissions. It is well-reputed for its consistent innovation to support green hydrogen projects in India. Currently trading at ₹1404, Reliance Industries is one of the best green hydrogen stocks in India.

3. GAIL (India)

Founded: 1984

Headquarters: New Delhi, India

Market Capitalisation: ₹124532 cr.

GAIL (India) is India’s leading gas company, making significant contributions to the hydrogen energy sector in India. It is aligned with India’s clean energy goals, making it among the best green hydrogen stocks in India. The stock is currently valued at ₹190.21, which positions it as a commonly preferred stock from the green hydrogen companies in India.

4. Adani Green Energy Ltd.

Founded: 2015

Headquarters: Ahmedabad, India

Market Capitalisation: ₹148931 cr.

Adani Green Energy is another solid pick among the best green hydrogen stocks in India. The company plans to spend a significant portion of its budget on green hydrogen projects in India and sustainable energy projects in the next 10 years. It also aims to lead the hydrogen energy sector in India and has formed strategic partnerships to speed up its projects. The current market price of the stock is ₹929.45, and is often chosen by investors who prioritise strong company fundamentals.

5. Oil & Natural Gas Corporation (ONGC)

Founded: 1956

Headquarters: Delhi, India

Market Capitalisation: ₹315136 cr.

ONGC is expanding into green hydrogen projects in India with strategic partnerships and investments, aiming for net-zero emissions by 2038. The company has its main focus on the production of green hydrogen and renewable energy, thus making it a strong competitor in the hydrogen energy sector in India. With a current value of ₹249.13, the stock is well-positioned in the list of best green hydrogen stocks in India.

6. Waaree Energies Ltd.

Founded: 1999

Headquarters: Mumbai, India

Market Capitalisation: ₹77595 cr.

Waaree Energies Ltd. is part of the Waaree Group, which is a popular brand in India’s solar industry. The company makes solar energy accessible for consumers and businesses and is diversifying its operations by participating in the green hydrogen projects in India. With a strong financial position, the stock is traded at ₹2708.9 and is included in the list of hydrogen energy stocks in India.

7. Tata Power Company Ltd.

Founded: 1911

Headquarters: Mumbai, India

Market Capitalisation: ₹126232 cr.

Tata Power Company Ltd. stands as one of the most trusted and established names in green hydrogen stocks in India. It has expanded its product line with multiple solar and wind projects, and is now entering the hydrogen energy sector in India. The current market price of the stock is ₹395.8, making it an affordable option among the best green hydrogen stocks in India.

Visit Univest for more guided suggestions!

Green Hydrogen Industry in India

The hydrogen energy sector in India is booming as the country aims to achieve energy independence in the coming years. Green hydrogen is produced through the process of electrolysis, which involves renewable energy to split water into hydrogen and oxygen. This creates a clean fuel that can help in the reduction of pollution by replacing fossil fuels.

The demand for green hydrogen stocks in India is growing at a fast pace because it has the potential to decarbonise various sectors like transportation, shipping, and steel production. It can also replace traditionally used fuels in vehicles and industry, thus serving as a backup for renewable energy sources. Moreover, the government strongly supports these green hydrogen projects in India as they significantly contribute towards sustainable development. Hence, the industry is expected to flourish, further resulting in the appreciation of the best green hydrogen stocks in India.

Best Performing Green Hydrogen Stocks With P/E Ratio

Explore the best green hydrogen stocks in India with their P/E ratio. 

Best Performing Green Hydrogen Stocks With 5-Year Returns

Look at the best green hydrogen stocks in India based on 5-year returns.

Benefits of Investing in Green Hydrogen Stocks in India

The best hydrogen stocks in India offer various advantages to investors. Some of them are listed below:

• Long-Term Growth Prospects

As consumers begin prioritising and promoting the green hydrogen projects in India, more companies are likely to commit to this long-term sustainability trend. This builds a foundation for a massive growth opportunity in the field of green hydrogen stocks in India, enabling investors to anticipate high returns from their investments.

• Impact-driven Investing

Most investors prefer investing to gain financial returns while contributing to the environment. Knowing that their investments are facilitating sustainable growth gives an ethical satisfaction to investors. This is because while profit maximisation is essential, impact-driven investing plays a significant role in a sustainable future. So, such investors are optimistic about contributing to the growth of the hydrogen energy projects in India by making investments in green hydrogen stocks.

• Support from Government Policies

The government is actively promoting the hydrogen energy sector in India by providing loans at nominal interest rates, making grants available to green hydrogen companies in India, and providing various tax incentives. These provisions for green hydrogen projects in India reduce the costs incurred, expand operations, and secure long-term contracts. Such government policies significantly contribute to the overall growth of the market share of companies with the best green hydrogen stocks in India.

• Portfolio Diversification Strategy

The green hydrogen stocks in India are anticipated to have a strong financial standing in the long term. These environmentally sustainable companies with good financial performance provide a layer of safety to the investors. Since these are driven by the primary goal of innovative and eco-friendly practices, the consistent performance mitigates the risk of an uncertain future. Thus, stocks from the hydrogen energy sector are a solid portfolio diversification strategy.

• Positive Consumer Sentiment

With a rise in awareness of ESG practices, more consumers are moving towards making sustainable choices. Green hydrogen stocks in India are considered ethically aligned, gaining more public traction. This enables a strong brand loyalty, encouraging investors to invest with greater confidence and a favourable public sentiment.

Ready to experience these benefits? Get started with Univest!

Best Performing Green Hydrogen Stocks With 5-Year CAGR

Look at the best green hydrogen stocks in India based on 5-year CAGR.

Risks of Investing in Green Hydrogen Stocks

While green hydrogen stocks in India offer massive growth potential, investors should also consider the risks associated with them. Some common risks include:

• High Vulnerability to Market Volatility

Green hydrogen stocks in India that belong to newer companies might be highly sensitive to market volatility. This is because companies in their early stages of growth are extremely susceptible to any change in market news or even minor shifts in public sentiment. So, conservative investors might refrain from investing in green hydrogen companies in India. 

• High Competition

Companies in their early stages, having a smaller market share, might face tough competition from already established players. Having years of expertise and a reputation in the market, large-cap companies have an edge over early-stage companies. Therefore, it may be challenging for companies with green hydrogen stocks to compete with globally established green hydrogen companies in India.

• Advancements in Technology

Green hydrogen stocks in India belong to a dynamic and innovation-driven industry. The Indian market is consistently evolving with updated and more efficient technologies in the hydrogen energy sector in India. The adoption of these newer technologies by companies imposes a risk that the older ones will become obsolete. If some companies rely only on a particular technology, they might incur losses due to loss of contracts, reduced profits and increasing operational costs. 

• Capital-Intensive Projects

Building the required infrastructure for companies with green hydrogen stocks in India is capital-intensive. In addition to such large capital requirements, these green hydrogen projects in India also demand a long time frame to set up the infrastructure. Small companies with lower availability of capital might struggle to raise funds. Moreover, the companies that are investing this capital for infrastructural development might take years to become profitable. 

• Dependency on Government Policies

Companies with some of the best green hydrogen stocks in India are heavily dependent on the support provided by the government. This support is usually in the form of tax incentives, subsidies, grants, and many other favourable policies. However, a change in these government policies at any point could majorly affect the companies operating in the hydrogen energy sector in India. 

Conclusion

The shift towards sustainable investing through green hydrogen companies in India is not just a temporary trend, but an indicator of an environmentally secure future of the energy sector in India. With increased awareness among consumers and investors, the green hydrogen stocks in India are expected to be profitable in the long run. Nonetheless, it is advisable to be careful while considering the risks associated with them.

Download the Univest app to maximise your returns on investment!

FAQs on Green Hydrogen Stocks

1. What are green hydrogen stocks?

Ans. Green hydrogen stocks are shares of companies that are engaged in the production or development of green hydrogen. These companies may be directly involved in producing hydrogen, manufacturing electrolysers, or building infrastructure for related requirements.

2. What are the benefits of investing in green hydrogen stocks?

Ans. Investing in green hydrogen stocks in India offers multiple benefits to investors. Some of them are that green energy stocks in India have high-growth potential investment options and help in diversifying the investment portfolio. Moreover, these stocks are heavily supported by the government. So, investors are more confident about investing in these ethically aligned green hydrogen companies in India.

3. What are the best green hydrogen stocks in India?

4. Is it safe to invest in green hydrogen stocks in India?

Ans. Yes, it is safe to invest in green hydrogen stocks in India because they are supported by the government and have high prospects of growth. However, it is advisable to gather thorough knowledge and create a proper risk-management plan to ensure maximum profits.

5. Is the hydrogen energy sector in India growing?

Ans. Yes, the demand for green hydrogen stocks in India is growing at a fast pace because it has the potential to replace traditionally used fuels in vehicles and industry, serving as a backup for renewable energy sources. Moreover, the government strongly supports these green hydrogen projects in India as they significantly contribute towards sustainable development. So, this sector is expected to follow an upward trend.

Disclaimer: The above stocks are for general information and education purposes only. The Securities quoted (if any) are for illustration only and are not recommendatory. Past performance does not guarantee any future returns. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Read Our Articles on the Best Stocks

Top Renewable Energy Stocks in India 2024

Best Solar Energy Stocks in India 2025

Best Cement Stocks To Invest in India

Top Multibagger Penny Stocks For 2025 |  Potential Picks

Fundamentally Strong Stocks on NSE in 2025

Debt-Free Penny Stocks in India 2025

Best Realty Stocks In India 2025

Debt Free Penny Stocks Below 1 Rupee

Also Explore

Explore Current and Previous IPOs

Univest Screeners

Explore Webstories on Univest 

1. Best Time To Buy Dividend Stocks

2. How RBI Policies Affect Dividend Stocks

3. Can Dividend Stocks Beat Inflation

4. What Is The Dividend Aristocrat List

5. Which Indian Psus Offer The Best Dividends

6. Large Cap Vs Small Cap Dividend Stocks