India’s Green Hydrogen Offtake Deals Signal Rs 90,000 Crore Investment Opportunity

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According to the Ministry of New and Renewable Energy, India has secured firm and signed green hydrogen offtake commitments totaling 555,610 metric tonnes per annum (MTPA) as of October 2026. This volume represents approximately 11 percent of the 5 million metric tonnes annual production target set for the year 2030 under the National Green Hydrogen Mission.

These commitments are expected to attract investments exceeding ₹90,000 crore (approximately $9.5 billion). More than 70% of the contracted volume is earmarked for exports, further strengthen India’s position in the global market for green hydrogen and its derivatives.

Approved in 2023 with an initial budget of ₹19,744 crore, the National Green Hydrogen Mission aims to make India as a global hub for the production, utilization, and export of green hydrogen. Its 2030 targets include annual green hydrogen production of at least 5 million metric tonnes, the addition of 125 GW of renewable energy capacity, investments exceeding ₹8 lakh crore, and the creation of more than 600,000 jobs.

Major agreements involve Indian companies such as ACME Group, Larsen & Toubro, Reliance Industries and AM Green, alongside international buyers from Japan, Germany and South Korea. The contracts cover green ammonia, green methanol and other renewable fuels for industrial and energy applications.

The government is also promoting domestic demand through the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme.

Agreements have been signed to supply 6,70,000 metric tonnes per annum (MTPA) of green ammonia to 11 fertiliser units, while projects have been awarded for the supply of 30,000 MTPA of green hydrogen to refineries operated by Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and Numaligarh Refinery Limited (NRL).

India’s growing green hydrogen offtake commitments are expected to accelerate industrial decarbonisation, strengthen domestic supply chains and boost exports. However, achieving these objectives will depend on timely project execution, adequate financing, the development of supporting infrastructure and sustained market demand. These factors will be crucial to India’s ambition of becoming a major global hub for green hydrogen and its derivatives by 2030.

(PIB)

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