Green Hydrogen Production

16 companies Updated 24 Mar 2026

Companies investing in green hydrogen production, electrolyzers, and hydrogen fuel infrastructure across energy and chemicals sectors.

Sectors represented: Capital Goods, Power, Metals & Mining, Chemicals

Companies with exposure to green hydrogen production

THERMAX

Thermax Limited

Capital Goods
annual report · 2026

Infrastructure Gaps: Storage, compression,. transport, safety systems, and renewable power. connectivity remain key constraints. Competitive Intensity: Global and domestic project-specific integration. Infrastructure Gaps: Storage, compression,. transport, safety systems, and renewable power. connectivity remain key constraints. Competitive Intensity: Global and domestic.

WAAREEENER

Waaree Energies Limited

Capital Goods
investor presentation · 2026

Importance of Green Hydrogen:. ✓Energy independence. ✓Reduction in import bill. ✓Long term price stability. ✓Global export opportunity for e-fuels. ✓Industrial decarbonization. ✓Achieve climate goals. Source: Oilprice.com een Hydrogen:. ✓Energy independence. ✓Reduction in import bill. ✓Long term price stability. ✓Global export opportunity for e-fuels. ✓Industrial decarbonization.

JSWENERGY

JSW Energy Limited

Power
investor presentation · 2024

Existing portfolio. generating healthy CF &. mid-teen equity IRR. JSW Energy. National Electricity Plan 2023 and 2.4. GWh of HPSP). Large Resources secured. for ~80 GWh PSP. Growth through internal. accrual. Existing portfolio. generating healthy CF &. mid-teen equity IRR. JSW Energy. National Electricity Plan 2023. 30. 5. Round the Clock RE. power. Oversized RE coupled with Energy.

ADANIENT

Adani Enterprises Limited

Metals & Mining
annual report · 2026

Hydrogen is crucial in a net-zero energy system, enabling. decarbonisation in hard-to-abate sectors such as steel,. fertilisers, refining, and shipping. It serves as a versatile. energy vector that can be produced, stored, and. transported, allowing energy to be delivered or stored. across a wide range of applications. India has committed to achieving net-zero emissions. by 2070.

ADVAIT

Advait Energy Transitions Limited

Capital Goods
annual report · 2026

The BESS vertical addresses the. grid-stabilisation imperative posed by. India’s accelerating solar and wind. capacity. rational -. building its own order book. BATTERY ENERGY. STORAGE SYSTEMS. The BESS vertical addresses the. grid-stabilisation imperative posed by. India’s accelerating solar and wind. capacity. The 2.5 GWh factory at. Dholera is targeted for commissioning.

FLUOROCHEM

Gujarat Fluorochemicals Limited

Chemicals
investor presentation · 2023

Electrolyte Formulations. 22. ➢Battery demand 2030 for EVs, energy storage and consumer electronics is. estimated at 2633 GWH with EV battery chain providing revenue opportunities. of 300 Billion US$ by 2030. (Source: World Economic Forum, Mckinsey Analysis. dated October 2019 ). ➢Almost a dozen companies are planning to set up EV Battery manufacturing.

INDUSTOWER Indus Towers Limited Telecommunication
annual report · 2026

Anion Exchange Membrane (AEM) electrolyser, a. 30-kWh battery bank, a hydrogen storage system. and a 3-kW Proton Exchange Membrane (PEM). fuel cell. mprising a 20-kW rooftop solar array, a 6.2-kW. Anion Exchange Membrane (AEM) electrolyser, a. 30-kWh battery bank, a hydrogen storage system. and a 3-kW Proton Exchange Membrane (PEM). fuel cell. The facility enables the generation,.

SERVOTECH Servotech Renewable Power System Limited Capital Goods
investor presentation · 2024

PBT1,5324172,147967. Tax Expense409105574243. PAT1,123312260%1,573724118%. PAT Margin %6%4%5%4%. Diluted EPS0.510.150.710.34. Quarterly Performance Consolidated Income Statement. (Q2: FY25). Servotech Growth Drivers. The Future. Timelines. 2024. 2025. 2026 - 2027. Accomplishments. . Won 60% of the EV charger Business from PSU’s from all. OMC’s. . Entered CPO business though Launch of Incharz:. .

IREDA Indian Renewable Energy Development Agency Limited Financial Services
annual report · 2026

Beyond the PLI beneficiaries, at least 10. manufacturers have announced a cumulative. capacity of 178 GWh in the Country over the next. five years, as companies prepare for scale-up in. both mobility and stationary-storage markets and. investing across cells, packs, battery management. systems and recycling. . Supportive measures such as customs relief prepare for scale-up in.

TRUALT TruAlt Bioenergy Limited Fast Moving Consumer Goods
annual report · 2026

International Energy Agency (IEA), global hydrogen. demand, which currently exceeds 100 million. tonnes per annum, is expected to grow significantly. under announced policy scenarios, with. low-emissions hydrogen playing an increasingly. important role in refining, fertilisers, steel,. chemicals, shipping and aviation. significantly. under announced policy scenarios, with.

MTARTECH Mtar Technologies Limited Capital Goods
annual report · 2023

This cost reduction goes. up to 40-45% with production volume of. 200,000 units i.e., 20x times growth in. fuel cell production.Manufacturing costs. largely drive the cost for fuel cells, which,. in turn, is largely determined by. production volume. Today, fuel cell. manufacturing is manual and smaller in. scale, with material cost forming a lower. share of 10-30% for an annual production.

LT Larsen & Toubro Limited Construction
annual report · 2026

Electrolyser. capacity additions have accelerated, with an estimated. 3 GW+ added over the past year, alongside rapid scaling. of manufacturing capacity, with over 25-30 GW annually. announced globally. Electrolyser. capacity additions have accelerated, with an estimated. 3 GW+ added over the past year, alongside rapid scaling. of manufacturing capacity, with over 25-30 GW annually.

PETRONET Petronet LNG Limited Oil Gas & Consumable Fuels
annual report · 2026

Hydrogen fuel cell and electrolysis technology. development: This project envisions creating. basic and advanced research infrastructure. facilities for developing and testing Alkaline water. electrolysers (AWEs) and low temperature PEM fuel. cells (LT-PEFCs). envisions creating. basic and advanced research infrastructure. facilities for developing and testing Alkaline water.

CESC CESC Limited Power
investor presentation · 2024

PLF %. Sent Out. Units. (MU). PLF %. Sent. Out. Units. (MU). PLF %. Budge Budge. Generating Station. 750555291.5%535288%500382.5%513284.7%491081.1%415090.8%. Southern. Generating Station. 13525724%30729%828%14914%58154%53566%. Haldia Energy PLF %. Sent. Out. Units. (MU). PLF %. Budge Budge. Generating Station. 750555291.5%535288%500382.5%513284.7%491081.1%415090.8%. Southern. Generating Station.

CEWATER Concord Enviro Systems Limited Services
investor presentation · 2026

Our WHE. solutions provide industry option of processing high strength Acid and. Alkali streams to ZLD directly using our Polymeric evaporators for direct. concentration. ar Cell manufacturing industry. Our WHE. solutions provide industry option of processing high strength Acid and. Alkali streams to ZLD directly using our Polymeric evaporators for direct. concentration.

FELIX Felix Industries Limited Services
investor presentation · 2025

Plastic Waste Management. Circular economy. enhancement through. material reuse. Material & resource. recovery and. conservation. Plastic waste. environmental impact. reduction. Health risk mitigation bitats. Plastic Waste Management. Circular economy. enhancement through. material reuse. Material & resource. recovery and. conservation. Plastic waste. environmental impact. reduction.

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