October, 29, 2026: India’s green hydrogen sector has secured firm offtake commitments of 5,55,610 metric tonnes per annum (MTPA) as of October 2026, putting Indian companies at the forefront of the global market for green hydrogen and its derivatives. The commitments, equivalent to about 11% of the National Green Hydrogen Mission’s 5 million tonnes per annum production target for 2030, are expected to require investments of more than ₹90,000 crore, or approximately $9.5 billion.
Indian companies signed 18 new offtake agreements in 2026, covering more than 4 lakh MTPA of green hydrogen-equivalent volumes. Since the launch of the National Green Hydrogen Mission in 2023, a total of 23 offtake contracts have been signed, with more than 70% of the committed volumes earmarked for export markets.
The agreements cover green ammonia and green methanol, two derivatives expected to play a growing role in industrial decarbonisation and international energy trade. Indian suppliers are positioning themselves in markets such as Japan and Europe, where buyers are seeking lower-carbon alternatives for fertiliser production, refining, power generation and shipping.
India Signs 23 Green Hydrogen Deals
ACME Group has signed an agreement with Japan’s IHI for the supply of 4,88,000 MTPA of green ammonia. The company has also entered into an agreement to supply 1,00,000 MTPA of green methanol to Mitsubishi Gas Chemical, another Japanese buyer. These contracts underline the role of long-term purchase agreements in establishing demand for Indian green fuel producers.
Reliance Industries has entered into a long-term supply and purchase agreement with South Korea’s Samsung C&T Corporation for green ammonia, valued at more than $3 billion. Deliveries are expected to begin in 2028, making the deal one of the largest green ammonia offtake agreements globally.
Larsen & Toubro and Japan’s ITOCHU have formed a special purpose vehicle for the supply of 3,00,000 tonnes of green ammonia annually, with deliveries expected to start in December 2029. The partnership adds to the pipeline of export-oriented projects being developed by Indian companies for overseas buyers.
AM Green has secured a long-term purchase agreement with Germany under the H2Global auction conducted by HINT.CO GmbH. As the sole winner of the Asian lot, the company will supply renewable fuels of non-biological origin ammonia under an agreement valued at a minimum of €585 million over 10 years. Initial deliveries to Germany are expected in 2029.
The company has also signed a firm offtake agreement with Germany’s Uniper for 2,50,000 MTPA of green ammonia and a binding heads of agreement with Japan’s JERA for long-term supplies of 70,000 MTPA. These agreements give Indian producers access to major European and Asian energy markets, where demand for lower-emission fuels is expected to expand as industries work towards decarbonisation targets.
Other companies are also pursuing international buyers. Jouno Joules has signed an offtake agreement with Germany’s Select Energy GmbH for 600 tonnes per day of green ammonia, equivalent to about 2,19,000 tonnes annually. Agastya is pursuing an offtake arrangement for 2,50,000 MTPA of green methanol with Sri Lanka’s SAR.
Green ammonia is emerging as a potential fuel for maritime shipping, including use in bunkering, while green methanol is being considered as an alternative fuel for vessels. Ammonia is also being evaluated for co-firing in thermal power plants as a way to reduce carbon emissions. In fertiliser manufacturing and refining, green hydrogen and its derivatives can replace fossil-fuel-based hydrogen and conventional feedstocks, although adoption will depend on cost, infrastructure and supply availability.
Domestic demand is also being built through government-backed procurement programmes. Under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, agreements have been signed for the production and supply of 6,70,000 MTPA of green ammonia to 11 fertiliser plants across India.
The programme has also awarded projects for the production and supply of 30,000 MTPA of green hydrogen to refineries operated by Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Numaligarh Refinery.
The National Green Hydrogen Mission was approved with an initial outlay of ₹19,744 crore through 2029-30. Its 2030 targets include annual green hydrogen production of at least 5 million tonnes, the addition of 125 GW of renewable energy capacity, total investments exceeding ₹8 lakh crore, more than six lakh jobs and an annual reduction of 50 million tonnes in carbon dioxide emissions.
The scale of the signed offtake commitments signals growing commercial interest in India’s green hydrogen industry. However, converting contracts into actual deliveries will depend on the timely commissioning of production facilities, access to competitively priced renewable power, supporting infrastructure and the ability of suppliers to meet the specifications and delivery schedules agreed with buyers.
