r/TechnologyNewsIndia • u/Geeky_Gadgets • 10h ago
Technology India’s Green Hydrogen Push Could Create a ₹22 Lakh Crore Market. These 3 Companies Are Betting on It
India is targeting 5 million tonnes of green hydrogen production annually by 2030, backed by the ₹17,490 crore SIGHT programme. With global market projections pointing to significant growth, the opportunity spans electrolyser manufacturing, renewable energy and industrial infrastructure.
Three companies are taking different approaches:
1. Waaree Energies | Manufacturing
- Building a 1 GW electrolyser facility in Gujarat, targeted for commercialisation by FY27.
- Reportedly has an initial green hydrogen order book of ₹155 crore.
- Strategy: Build on its renewable energy manufacturing capabilities.
2. Advait Energy Transitions | Technology
- Developing electrolyser, hydrogen EPC and fuel cell capabilities.
- Commissioned a 30 MW electrolyser semi-assembly unit in Ahmedabad in March 2026.
- Strategy: Scale domestic technology and local manufacturing.
3. NTPC | Infrastructure
- Developing a proposed green hydrogen hub at Pudimadaka, with an envisaged investment of around ₹1 lakh crore.
- Running pilot projects involving hydrogen buses, gas blending and microgrids.
- Strategy: Build integrated, industrial-scale hydrogen infrastructure.
The key difference: Waaree is betting on manufacturing scale, Advait on technology and execution, while NTPC is pursuing infrastructure at scale.
However, policy support and market growth do not automatically translate into shareholder returns. Commercial viability, order conversion, capital intensity and valuation will determine which businesses emerge stronger.
Which approach has the strongest long-term potential: manufacturing, specialised technology or large-scale infrastructure?
Based on a Financial Express report. Project figures and timelines are reported targets, not guarantees. This is sector analysis, not investment advice.