Green Hydrogen Stocks in India for 2024
According to a recent report on energy usage, energy use has doubled in the last 20 years and is likely to grow by at least 25% by 2030. As a result, many countries are investing rapidly in renewable energy resources, and green hydrogen is one of them. Consequently, green hydrogen companies in India are gaining popularity. The stocks of companies involved in producing, storing, and distributing green hydrogen have become increasingly popular among investors.
This blog will discuss top-performing green hydrogen stocks in India and their potential as investments. Read on to learn more.
| Stocks | Sub-Sector | MCap (Cr) | Price | ROE |
|---|
| Bharat Petroleum Corporation Ltd | Oil & Gas – Refining & Marketing | ₹1,52,368 | ₹350.10 | 41.59% |
| Indian Oil Corporation Ltd | Oil & Gas – Refining & Marketing | ₹2,45,554 | ₹173.79 | 25.19% |
| Jindal Stainless Ltd | Iron & Steel | ₹61,251 | ₹729.75 | 20.60% |
| Oil and Natural Gas Corporation Ltd | Oil & Gas – Exploration & Production | ₹4,12,255 | ₹324.35 | 14.73% |
| Gail (India) Ltd | Gas Distribution | ₹1,55,270 | ₹234.07 | 13.91% |
| NTPC Ltd | Power Generation | ₹3,96,545 | ₹403.35 | 13.17% |
| Larsen & Toubro Ltd | Construction & Engineering | ₹4,94,455 | ₹3,606.50 | 12.67% |
| Adani Green Energy Ltd | Renewable Energy | ₹3,04,268 | ₹1,886.35 | 8.87% |
| JSW Energy Ltd | Power Generation | ₹1,25,581 | ₹710.70 | 8.67% |
| Reliance Industries Ltd | Oil & Gas – Refining & Marketing | ₹20,27,950 | ₹2,996.25 | 7.94% |
