Firms rush to tap into green hydrogen, three top cos corner large share

Greenko-John Cockeril latest to join league; RIL, L&T, Adani together set aside investment of nearly Rs 6 trillion, say analysts

Green hydrogen appears to be the new fuel that is powering the ambitions of India Inc. The announcement on Tuesday by Hyderabad-based Greenko group and Belgium-based John Cockeril to build a two-gigawatt hydrogen electrolyser gigafactory in India, the largest outside of China, has put the spotlight firmly on the sector.

While this is the latest announcement by an Indian company in the green hydrogen space, it will clearly not be the last, sector experts said. Last week, Indian Oil Corporation (IOC), Larsen & Toubro (L&T) and ReNew Power announced a joint venture to develop green hydrogen. Additionally, IOC and L&T