Indian Oil Corporation (IOC), the country’s largest oil marketing firm, is taking a bold step into clean energy by planning to roll out green hydrogen dispensing pumps across India. As part of its US$30 billion investment strategy to achieve net-zero emissions by 2046, IOC is developing a comprehensive roadmap to support green hydrogen production, retail, and infrastructure.
IOC’s transition starts with replacing grey hydrogen—made from natural gas—with green hydrogen produced using renewable energy at its refineries. The first milestone is a 10,000-tonne-per-year green hydrogen unit at Panipat, expected to be operational by December next year. This will be India’s largest green hydrogen facility, with a competitive cost of US$4.66/kg, close to the government’s target of below US$5/kg.
A major hurdle for green hydrogen adoption is the lack of dispensing infrastructure. Currently, India has just a few hydrogen fuel stations, two of which are run by IOC in Gujarat and Faridabad. The high cost of setting up a station—around ₹7 crore—limits expansion.
However, efforts are underway to cut this cost to ₹50 lakh per station. IOC emphasises the need for a robust, safe network of pumps to encourage the use of hydrogen-powered vehicles and break the “chicken-and-egg” cycle between vehicle adoption and fuel availability.
IOC’s efforts align with India’s National Green Hydrogen Mission, which targets 5 million tonnes of annual production by 2030 and aims to position India as a global hydrogen export hub. Major players like Reliance, Adani, ReNew, and Avaada are also investing in this space. IOC is additionally part of a joint venture with L&T and ReNew, underscoring its deep commitment to scaling green hydrogen solutions.
At 12:03 PM, Indian Oil share price was trading at ₹148.12
With its green hydrogen strategy, Indian Oil is setting the stage for cleaner mobility and energy security. As production scales up and infrastructure expands, green hydrogen could become a key pillar of India's low-carbon future.
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Published on: Jul 3, 2025, 12:09 PM IST
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