Established in 1956, ONGC has recently announced a Rs. 85,000 cr investment to produce 1 million metric tonnes of green hydrogen as well as green ammonia annually. Its shares are trading at around Rs. 275 at present with ROCE and ROE of 15.43% and 14.60% while the OPM is noted at 13.41%.
It is one of the crucial players in the power generation industry and runs various green hydrogen energies via its subsidiary called NTPC Renewable Energy Limited. It is currently trading at around Rs. 370 with an ROCE of 9.93% and an ROE of 12.95%. Its OPM is 21.03%.
It is India’s largest private sector conglomerate and runs many green hydrogen and fossil fuel projects in the country. It is currently trading at around Rs. 2930 with an ROCE of 9.38% and an ROE of 8.77%. Its OPM is 14.14%.
The company is one of the largest and most renowned companies in the country and operates in the green hydrogen space via its subsidiary L&T Energy Green Tech Limited. It is currently trading at around Rs. 3695 with an ROCE of 14.70% and an ROE of 15.12%. Its OPM is 10.84%.
IOC operates under the Indian Government and is run by the Ministry of Petroleum and Natural Gas, and has recently launched a tender to build a hydrogen energy unit at Panipat. It is currently trading around Rs. 168 with an ROCE of 23.90% and an ROE of 22.75%. Its OPM is around 8.18%.