Multiple initiatives have been taken to increase the use of green hydrogen in the country. Under the National Green Hydrogen Mission, a target has been set to produce 5 million metric tons of green hydrogen by 2030. This initiative aims to reduce dependence on fossil fuels and achieve industrial decarbonization. The use of green hydrogen in industries like steel and fertilisers has already increased in recent times.
One of the most important components of the fertiliser sector is ammonia. It is essential for producing nitrogen-based fertilisers. Hydrogen is required to produce this ammonia, which is made from natural gas. Gas prices also affect fertiliser prices. To change this situation, various fertiliser companies are increasing the use of green hydrogen in the fertiliser industry. These four fertiliser companies in the country have already turned toward green hydrogen. As a result, these stocks have gained value during the fuel crisis. Let's see which stocks are on this list.
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Coromandel International: This company is one of the country's largest agri-solutions companies. The company produces multiple products like fertilisers, crop protection, bio pesticides, speciality nutrients, and organic fertilisers. This company's financial performance has also remained quite steady.
Chambal Fertilisers: This company plays an important role in urea production. This company's financial performance has also remained quite steady.
Deepak Fertilizers and Petrochemicals Corporation: Although this company's financial performance was mixed in the last quarter, significant progress is being made in energy sourcing in this company's performance.
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Gujarat Narmada Valley Fertilisers and Chemicals: This company is also moving toward using green energy. This company will be at the top of the list in using green hydrogen in the coming days.
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