Overview
- The government said on Thursday that Indian companies have signed 23 offtake contracts totalling about 555,610 metric tonnes per annum (MTPA) of green‑hydrogen equivalent.
- More than 70% of the committed volumes are earmarked for export, with major deals reported between ACME and Japan’s IHI, L&T’s SPV with ITOCHU, and Reliance’s long‑term pact with Samsung C&T.
- The ministry estimates fulfilling the contracts would need aggregate capital investment of over Rs 90,000 crore (about USD 9.5 billion).
- Those headline volumes are purchase commitments for future supply rather than current production, and their delivery depends on building electrolysers, adding renewable power, securing finance and expanding ports and logistics.
- The deals sit under the National Green Hydrogen Mission, which targets at least 5 million MTPA by 2030, and complement SIGHT allocations for fertiliser plants and refineries that aim to anchor domestic demand and jobs.