India has officially entered the hydrogen era, aiming to produce 5 million metric tonnes of green hydrogen annually by 2030, said Union Minister Hardeep Singh Puri. The move has already reduced the cost of green hydrogen from $3.50 per kilogram to $3 per kilogram, potentially saving $150 billion in import costs.
Public sector units are planning to reach a 1 MMT production capacity by 2030. Tender capacities for 42 kilo tonnes per annum will increase to 170 KTPA. Green hydrogen projects totaling 900 KTPA capacity have already been awarded to 19 companies.
India is aiming to capture 10 percent of the global hydrogen market, according to the minister. He highlighted that the nation is the world’s third-largest energy consumer, third-largest crude importer, and fourth-largest refiner. The country holds 651.8 MMT of recoverable crude oil and 1,138.6 BCM of natural gas reserves.
The past decade has seen major reforms in the energy sector, from new licensing policies to open acreage licensing rounds. Investments of Rs 1.4 lakh crore have driven exploration and production, with 578 wells drilled in FY25—ONGC’s highest in 35 years—and over 5,000 exploratory and development wells, including offshore programs.
