5 Best Green Hydrogen Stocks in India 2024

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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).  

Reliance Industries has committed a substantial $10 billion investment in green hydrogen production over the coming decade. 

Reliance Industries

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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.  

GAIL (India)

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. 

Indian Oil Corporation

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%. 

Adani Green Energy 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 Total Gas 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. 

Adani Transmission 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% 

Adani Power Ltd.

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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