Synopsis : India's green hydrogen mission is shifting from policy announcements to project execution, creating fresh opportunities across electrolyzers, EPC and renewable infrastructure. Waaree Energies, Advait Energy Transitions and JSW Energy are among the companies already taking concrete steps to build India's hydrogen ecosystem.
India’s green hydrogen story is entering a new phase.
After years of policy announcements and investment commitments, the focus is now shifting towards execution. With electrolyzer manufacturing, commercial hydrogen production, and long-term supply agreements gathering pace, companies are beginning to move beyond announcements and into project implementation.
The government has set an ambitious target of producing 5 million metric tonnes of green hydrogen annually by 2030, supported by 125 GW of renewable energy capacity and investments exceeding ₹8 lakh crore.
The National Green Hydrogen Mission, launched in 2023 with an outlay of ₹19,744 crore, continues to provide incentives for electrolyzer manufacturing and green hydrogen production. Recent initiatives such as the Green Hydrogen Certification Scheme are also laying the foundation for exports and wider commercial adoption.
Against this backdrop, three companies stand out for having visible execution rather than only future plans.
Waaree Energies
Waaree Energies is building an integrated green hydrogen ecosystem that spans electrolyzer manufacturing, renewable energy assets, battery storage, and green fuel production.
The company is investing ₹657 crore to establish a 1 GW electrolyzer manufacturing facility at Dungri, Gujarat, which is expected to become operational in FY27.
Waaree has also secured Production Linked Incentive (PLI) benefits for electrolyzer manufacturing and green hydrogen production.
Execution has already started. The company currently has a green hydrogen order book worth around ₹152 crore, including multi-technology hydrogen projects, hydrogen refueling infrastructure, and long-term Build-Own-Operate contracts for hydrogen supply.
Management is also exploring long-term supply opportunities across the steel, refinery and chemical sectors as commercial demand gradually develops.
Advait Energy Transitions
Advait Energy Transitions is positioning green hydrogen as one of its long-term growth engines through its subsidiary Advait Green Energy.
The company has established an alkaline electrolyzer assembly facility and completed factory acceptance testing for its initial 30 MW production line.
Capacity is expected to increase to 100 MW by FY27 before expanding further as demand grows.
Instead of only manufacturing equipment, Advait is simultaneously building an integrated hydrogen ecosystem by localising key electrolyzer components and partnering with technology providers for advanced hydrogen solutions.
Several strategic agreements signed during India Energy Week 2026 strengthen its presence across hydrogen production, storage, EPC execution and balance-of-plant integration.
Its New & Renewable Energy order book currently stands at approximately ₹1,304 crore, while management is pursuing additional opportunities worth nearly ₹2,000 crore.
JSW Energy
Unlike many companies still preparing their hydrogen strategy, JSW Energy has already commissioned commercial green hydrogen production.
Through its subsidiary JSW Neo, the company has commissioned a green hydrogen facility capable of producing 3,800 tonnes annually, along with approximately 30,000 tonnes of green oxygen.
Importantly, the project already has a seven-year offtake agreement in place, ensuring immediate commercial utilisation.
JSW is also participating in the government's SIGHT programme, under which it has secured an additional allocation for green hydrogen production.
Beyond its existing facility, the company has entered into group captive agreements targeting nearly 90,000 tonnes of future green hydrogen production capacity.
The bigger picture
India's green hydrogen ecosystem is still in its early stages, but execution is gradually replacing announcements.
Waaree is building manufacturing capabilities alongside integrated hydrogen projects.
Advait is focusing on domestic manufacturing, localisation and EPC execution.
JSW Energy has already crossed into commercial production backed by long-term customer agreements.
While commercial adoption across industries will take time, these companies represent different parts of India's emerging green hydrogen value chain and may remain closely watched as the sector develops over the coming years.
Disclaimer : This article is intended solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy, sell or hold any security. Investments in equities and emerging sectors such as green hydrogen involve market and execution risks. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.
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