Company Snapshot

Greenzo Energy India Ltd is a rapidly growing green hydrogen infrastructure provider, recognized for its fully indigenized technology, a robust order book (₹1,800 crore+), and growing electrolyser manufacturing capacity of 250 MW/year. Through its strategic alliances and EPC/BOT capabilities, the company plays a vital role in India’s clean energy journey.

• Integrated green hydrogen solutions: Design, manufacture (at Sanand, Gujarat), install, and operate indigenous alkaline electrolysers and balance-of-plant systems.
• Turnkey clean-energy projects: Executes BOT and EPC models for energy, chemicals, fertilizers, telecom, and defense sectors.

Manufacturing & Tech

• Launched a 1  MW alkaline electrolyser in March 2024 using entirely Indian components—the first of its kind.
• The Sanand facility targets 250 MW/year capacity with 1–5 MW electrolyser stacks, R&D centre, and industry training hub.

Growth & Orders

• December 2024: Order book reached ₹1,200 crore after winning TANGEDCO contract for Ennore SEZ (20 Nm³/hr capacity).
• June 2025: Won ₹320 crore BOT deal from Oswal Energies for a 20 MW hydrogen project.
• Total order book now ~₹1,800 crore.

Strategic Partnerships

• Partnered with France’s EODev (Dec 2024) to introduce Toyota-based hydrogen fuel-cell generators in India and Nepal.
• Target sectors: telecom, agriculture, and transportation (to replace diesel gensets).

Advantages

• Make-in-India Champion: One of the few producing completely indigenous alkaline electrolysers.
• Policy Alignment: Works closely with National Green Hydrogen Mission and PSUs like TANGEDCO, GAIL, NTPC, and IOC.
• Scalability: Strong engineering project pipeline and ramped-up manufacturing give it a lead in India’s hydrogen ecosystem.

Industry Outlook

Strategic Importance

• Green hydrogen supports India’s 2070 net-zero target and energy independence.
• Helps decarbonize hard-to-abate sectors: fertilizers, refining, steel, cement, long-haul mobility.

Policy Tailwinds

• National Green Hydrogen Mission (NGHM) – Launched Jan 2023:
  • Budget: ₹19,744 crore (~$2.4 billion)budget outlay
  • Target: 5 MMT (million metric tonnes) of green hydrogen production annually by 2030
  • Electrolyser capacity: 60–100 GW
  • PLI incentives for hydrogen and electrolyser manufacturing
• State-level policies: Gujarat, Karnataka, Tamil Nadu, and Odisha offer land, power subsidies, and fast-track approvals.

Summary

India’s green hydrogen sector is at an inflection point—driven by strong government backing, increasing private sector investments, and global decarbonization mandates. The next 2–3 years will be crucial for scaling up domestic electrolyser capacity, establishing end-use applications, and developing an export-ready ecosystem.

Latest Shareholding Pattern of Greenzo Energy India Ltd.