Green Hydrogen: India leads globally with over 5.5 lakh tonnes a year in offtake commitments

What has happened

The Ministry of New and Renewable Energy said on 29 October 2026 that, by October 2026, Indian companies had signed a total of 23 offtake contracts for green hydrogen. These cover about 5.5 lakh metric tonnes per year of green hydrogen equivalent. According to the Ministry, this makes India the global leader in this sector.

Such a deal is called an offtake agreement. It is a binding contract between a producer and a buyer, in which the buyer guarantees to buy goods produced in future at pre-fixed terms and prices.

How many new deals this year

According to the Ministry, Indian companies signed 18 new offtake agreements in 2026. These are for supplying more than 4 lakh metric tonnes per year of green hydrogen equivalent. More than 70% of all the contracts are meant for export.

How much investment is expected

The release says these projects are expected to attract about ₹90,000 crore, or roughly 9.5 billion US dollars, in investment. The Ministry also said Indian suppliers are offering among the world’s most competitive prices for green ammonia and green methanol.

What the Mission is

The National Green Hydrogen Mission (NGHM) was approved by the Cabinet with an initial outlay of ₹19,744 crore up to 2029-30. The Mission aims to produce at least 5 million metric tonnes of green hydrogen every year by 2030. The agreements signed by October 2026 are about 11% of that target.

The Mission’s expected outcomes include adding 125 gigawatts of renewable energy capacity, total investment of more than ₹8 lakh crore, creation of more than 6 lakh full-time jobs, and a cut of 50 million metric tonnes of carbon dioxide emissions every year.

Which companies signed

The release names several major contracts. The ACME Group signed an offtake agreement with Japan’s IHI for 4,88,000 metric tonnes per year of green ammonia, and an agreement to supply 1,00,000 metric tonnes per year of green methanol to Mitsubishi Gas Chemical. L&T and ITOCCHU formed a special purpose vehicle (SPV) for 3,00,000 tonnes per year of green ammonia, with deliveries expected to begin in December 2029.

Reliance Industries signed a long-term supply and purchase agreement worth more than 3 billion US dollars with South Korea’s Samsung C&T Corporation, with supply expected to begin by 2028. The release also lists agreements involving Agastya, AM Green and Jouno Jewels.

Where it will be used at home

Under the Mission’s Green Hydrogen Transition (SIGHT) programme, agreements have been signed with 11 fertiliser units across the country for producing and supplying 6,70,000 metric tonnes per year of green ammonia. Under the same programme, projects for producing and supplying 30,000 metric tonnes per year of green hydrogen have been allotted to refineries of IOCL, BPCL, HPCL and NRL.

What it means for ordinary people

The release gives no application, eligibility rule or deadline for citizens. It is mainly information about companies, fertiliser units and refineries. For more details, readers can check the Ministry’s release.