India’s Rs 19,744 crore green hydrogen push has a fertiliser connection: 3 stocks to watch
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The government allocated 7.24 lakh tonnes of green hydrogen per year to 13 fertiliser units under the ₹19,744 crore National Green Hydrogen Mission.
- ✓This move helps companies replace imported fossil-fuel-based ammonia.
- ✓By using renewable electricity, firms like Paradeep Phosphates hope to manage input costs and reduce reliance on global gas.
Story at a Glance
- Category
- MARKET
- Reported By
- Financial Express
- Reading Speed
- 12 Minute(s)
- Market Focus
- India Economy
The government, under the ₹19,744 croreNational Green Hydrogen Mission (NGHM), has allocated 7.24 lakh tonnes per annum (TPA) of supply across 13 fertiliser units at discovered prices ranging from ₹49.75 to ₹64.74 per kg. The agreements aim to replace imported fossil-fuel-based ammonia, improve supply security and reduce emissions.
The Ammonia Switch: Could Cleaner Fertiliser Inputs Mean Stronger Margins?
Green ammonia could offer fertiliser manufacturers something more valuable than a lower carbon footprint: a different way to manage one of their largest input-cost risks. Conventional ammonia is made using hydrogen derived largely from natural gas, linking its production cost to global gas prices and exposing buyers to international supply disruptions. Green ammonia uses hydrogen produced through renewable electricity to reduce dependency on fossil fuels during production.
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Financial Express
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