Top 5 Green Hydrogen Companies in India Driving Market Growth

The leading green hydrogen companies in India are playing a significant role in shaping the nation’s clean energy future. These players are accelerating large-scale investments in hydrogen production, electrolyzer manufacturing, and pilot projects across industrial, mobility, and refining sectors, thereby attracting greater attention compared to other global players in green hydrogen industry. Additionally, with aligning the National Green Hydrogen Mission and reducing reliance on fossil fuels, the major companies are positioning India as a global hub for renewable hydrogen exports. Their strategic initiatives are accelerating cost reductions, infrastructure development, and international partnerships, making them central to India’s transition toward a low-carbon economy.

Detailed Overview of Major Green Hydrogen Players in India

• Adani Group is investing in large-scale green hydrogen projects in India, focusing on renewable-powered electrolyzers, ammonia production, and export hubs. The company’s strategy centers on reducing hydrogen costs, building global supply chains, and aligning with India’s National Green Hydrogen Mission to emerge as a leading hydrogen producer.
• Reliance Industries aims to become the largest green hydrogen producer in India by 2030. Its strategy includes giga-factories for electrolyzer manufacturing, integration of solar and wind energy, and scaling hydrogen mobility solutions. Reliance is positioning India as a cost-competitive hydrogen hub for both domestic industries and global exports.
• NTPC is piloting green hydrogen projects in India across transport, refining, and power generation. Its strategy emphasizes electrolyzer installation at renewable parks, hydrogen blending with natural gas, and supporting hydrogen-powered mobility. By leveraging its energy infrastructure, NTPC is driving India’s transition toward clean hydrogen adoption at scale.
• GAIL is focusing on green hydrogen production capacity in India, leveraging its gas infrastructure and pipelines. Its strategy involves electrolyzer deployment, hydrogen blending with natural gas, and collaboration with technology providers. GAIL aims to lead in hydrogen distribution and storage, reinforcing India’s hydrogen economy development.
• L&T is advancing green hydrogen manufacturing in India by setting up electrolyzer plants and forming global partnerships. Its strategy targets cost reduction through technology innovation, integration with renewable projects, and domestic equipment production. L&T is building end-to-end hydrogen solutions to accelerate India’s renewable hydrogen adoption and export readiness.

Growth of India Green Hydrogen Market with End User Dominance

According to the report by Markntel Advisors, the India Green Hydrogen Market size was valued at around USD 9 billion in 2024 and is expected to reach USD 34.0 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 20.89% during the forecast period, i.e., 2025-30. This flourishing growth is significantly attributed to the government-back initiatives for raising hydrogen supply and growing concerns over the increasing carbon emissions.

To fulfil the carbon neutrality by 2030, the automotive manufacturers have started adopting alternative clean fuels to power automobiles, such as cars, buses, etc., thereby elevating the demand for automotive and transportation segment. Moreover, the rising incorporating large scale EV production that can facilitate country to integrate green hydrogen as a fuel alternative, is projected to thrive the green hydrogen market share across the country.

Emerging Green Hydrogen Industry Trends in India (2025 Forecast)

• Localization of electrolyzer manufacturing by Reliance, Adani & L&T
• Green ammonia export hubs in Gujarat & Odisha targeting Europe/Japan
• Hydrogen blending pilots in city gas grids by GAIL & NTPC
• Hydrogen-powered buses & trucks tested in Leh & Delhi NCR
• Steel & refinery trials (JSW, SAIL, IOC) for industrial decarbonization
• Hydrogen bunkering/storage hubs at Mundra, Hazira & Vizag ports
• Global tech collaborations with EU & Middle East energy firms
• State incentives from Gujarat, Tamil Nadu & Andhra Pradesh

Key Challenges and Investment Opportunities in India Green Hydrogen Market

The rising establishment of export-oriented green ammonia and hydrogen hubs across the coastal regions such as Gujarat and Odisha, is creating significant opportunities for industry expansion. Additionally, the strong port infrastructure, renewable energy potential, and government incentives enables Indian green hydrogen players to seek widespread attention as low-cost supplier to Europe and Japan, where clean hydrogen demand is surging.

Despite strong regulated policies and strategic investments, high production costs and absence of large-scale storage, transport, and pipeline infrastructure is restricting the market scalability. High production costs due to reliance on imported electrolyzer and limited domestic manufacturing capacity remain major barriers

Future Outlook of Green Hydrogen Industry in India (2025–2030)

The future of India green hydrogen market is set to witness rapid expansion in forecast period, due to the key players dominating giga-scale electrolyzer and ammonia production, responding domestic demand as well as export requirements. Collectively, these players are positioning India as a global hub for renewable hydrogen exports by 2030.

Get in touch with us today to request a regional report that fits your needs - sales@marknteladvisors.com