Renewables
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Updated on 16 Nov 2025, 06:49 am
Reviewed By
Abhay Singh | Whalesbook News Team
Major global players are set to inject substantial capital into India's burgeoning green hydrogen sector. The International Finance Corp (IFC), Siemens AG from Germany, and Fullerton Fund Management based in Singapore are in advanced discussions to acquire a minimum of 49% stake in Hygenco Green Energies Pvt. Ltd., a Gurugram-based manufacturer. This significant transaction carries an equity valuation of around $125 million, with an enterprise value of approximately $250 million.
The IFC is expected to contribute $50 million towards equity, while Siemens AG and Fullerton Fund Management will jointly invest the remaining $75 million. Avendus Capital is advising on this primary equity raise. This funding is crucial for Hygenco, which plans to invest a massive $2.5 billion over the next three years to establish green hydrogen projects nationwide. The company aims to build 10 gigawatts (GW) of production and distribution assets by 2030.
Green hydrogen is a clean energy source produced by splitting water molecules using renewable electricity through electrolysis. It is seen as a vital component in decarbonizing heavy industries and can be converted into green ammonia for energy storage and fertilizer production. India has set an ambitious target to produce 5 million tonnes of green hydrogen annually by 2030, underscoring the strategic importance of this sector.
Impact: This news has a significant positive impact on the Indian stock market, particularly within the renewable energy, infrastructure, and manufacturing sectors. The substantial foreign investment signals strong confidence in India's green hydrogen policy framework and its potential for growth. It will likely encourage further domestic and international investment, boost related industries, and contribute to India's energy security and climate goals.
Rating: 9/10
Terms Explained: * Green Hydrogen: Hydrogen produced by splitting water using electricity generated from renewable sources like solar or wind. It's a clean fuel alternative to fossil fuels. * Electrolyser: A device used to perform electrolysis, the process of splitting water into hydrogen and oxygen using electric current. * Equity Value: The total market value of a company's outstanding shares. * Enterprise Value: A measure of a company's total value, including market capitalization, debt, minority interest, and preferred shares, minus cash and cash equivalents. * Gigawatt (GW): A unit of power equal to one billion watts. It is often used to measure the capacity of power plants or electricity grids.