India Secures Green Hydrogen Offtake Agreements for 5.55 Lakh Tonnes a Year, Expected to Attract Over ₹90,000 Crore Investment
Indian developers have secured agreements to supply 5.55 lakh metric tonnes a year of green hydrogen and related products to domestic and international buyers. Union Minister Pralhad Joshi said developers have won 23 major contracts under the National Green Hydrogen Mission. The commitments are expected to attract investment of more than ₹90,000 crore. More than 70% of the volumes are earmarked for export.
The mission targets 50 lakh tonnes a year of green hydrogen production by 2030. It was approved by the Union Cabinet with an initial outlay of ₹19,744 crore through FY 2029–30. The new commitments equal about 11% of the 2030 target. Conversion into production and deliveries will depend on project execution, financing and supporting infrastructure.
ACME Group has signed to supply 4.88 lakh MTPA of green ammonia to Japan’s IHI. It has also agreed to supply 1 lakh MTPA of green methanol to Mitsubishi Gas Chemical of Japan. Larsen & Toubro and ITOCHU have formed a special purpose vehicle to supply 3 lakh tonnes a year of green ammonia, with deliveries from December 2029. Reliance Industries has signed a long-term green ammonia supply agreement with Samsung C&T of South Korea, valued at over USD 3 billion, with deliveries from 2028.
AM Green was the sole winner of the Asian lot in the H2Global auction run by HINT.CO GmbH. It has a 10-year purchase agreement for RFNBO ammonia for Germany, worth at least €585 million, with first deliveries in 2029. Agastya is pursuing an offtake arrangement to supply 2.5 lakh MTPA of green methanol to SAR of Sri Lanka.
