In 2025, the Indian government plans to issue more tenders for green hydrogen production, targeting an additional 7.8 LTPA capacity said by Union Minister for New and Renewable Pralhad Joshi. This follows the successful awarding of 4.12 LTPA in 2024, with Rs. 3,055 crore in subsidies. The government will also release new standards for green hydrogen production, storage, transportation, and its use in sectors like aviation and railways. A Green Hydrogen Certification Scheme will be launched, with the Bureau of Energy Efficiency overseeing certification. Despite progress, challenges like high production costs and infrastructure gaps remain, hindering large-scale adoption.
Listed below are some of the stocks to benefit from a government plan for an additional 7.8 LTPA for the production of green hydrogen and its derivatives in 2025
Reliance Industries Limited is an Indian multinational conglomerate based in Mumbai, operating across diverse sectors including energy, petrochemicals, textiles, retail, and telecommunications. Recently, the company has focused on green hydrogen initiatives as part of its commitment to sustainability, aiming for carbon neutrality by 2035.
With a market capitalization of Rs. 16,55,618.16 Crores, the shares of Reliance Industries Limited were trading at Rs. 1,223.45 per equity share, up 0.56 percent from its previous day’s close price of Rs. 1,216.60.
Its Revenue from operations declined by 0.15 percent from Rs. 2,31,886 Crores in Q2FY24 to Rs. 2,31,535 Crores in Q2FY25, accompanied by a profit of Rs. 19,878 Crores to Rs. 19,323 Crores.
Thermax Limited is an Indian multinational engineering company headquartered in Pune, specializing in sustainable solutions for energy and the environment. Recently, Thermax has expanded into green hydrogen technologies, supporting the transition to cleaner energy sources and enhancing its commitment to sustainability.
With a market capitalization of Rs. 53,305.17 Crores, the shares of Thermax Limited were trading at Rs. 4,473.55 per equity share, down 0.13 percent from its previous day’s close price of Rs. 4,479.25.
Its Revenue from operations grew by 13.46 percent from Rs. 2,302 Crores in Q2FY24 to Rs. 2,612 Crores in Q2FY25, accompanied by profits of Rs. 159 Crores to Rs. 198 Crores.
Gensol Engineering Limited is an Indian company specializing in renewable energy
solutions, particularly in solar energy and green hydrogen. Recently, Gensol has expanded into green hydrogen technologies, supporting sustainable energy initiatives and enhancing its market position.
With a market capitalization of Rs. 2,926.06 Crores, the shares of Gensol Engineering Limited were trading at Rs. 713.35 per equity share, up 5.90 percent from its previous day’s close price of Rs. 713.35.
Its Revenue from operations grew by 13.44 percent from Rs. 305 Crores in Q2FY24 to Rs. 346 Crores in Q2FY25, accompanied by a profit of Rs. 18 Crores to Rs. 23 Crores.
Bharat Heavy Electricals Limited (BHEL) is a major Indian engineering and manufacturing company, specializing in power generation equipment and renewable energy solutions, including green hydrogen technologies. Its business model integrates design, engineering, manufacturing, and servicing across sectors like power, transmission, and defense.
With a market capitalization of Rs. 84,248.52 Crores, the shares of Bharat Heavy Electricals Limited were trading at Rs. 242 per equity share, up 0.08 percent from its previous day’s close price of Rs. 241.80.
Its Revenue from operations grew by 28.46 percent from Rs. 5,125 Crores in Q2FY24 to Rs. 6,584 Crores in Q2FY25, accompanied by a loss of Rs. 63 Crores to Rs. 106 Crores.
Larsen & Toubro Limited (L&T) is a leading Indian multinational conglomerate engaged in engineering, construction, and manufacturing, with a strong focus on sustainability. Its business model encompasses a wide range of sectors, including infrastructure and green hydrogen technologies.
With a market capitalization of Rs. 4,98,780.51 Crores, the shares of Larsen & Toubro Limited were trading at Rs. 3,637 per equity share, up 0.24 percent from its previous day’s close price of Rs. 3,628.25.
Its Revenue from operations grew by 20.63 percent from Rs. 51,024 Crores in Q2FY24 to Rs. 61,555 Crores in Q2FY25, accompanied by profits of Rs. 3,846 Crores to Rs. 4,099 Crores.
Written by Santhosh S
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