NTPC Green Energy Ltd (NGEL) in New Delhi is engaging in discussions with Hindustan Petroleum Corporation Ltd (HPCL) and Hindalco Industries to supply them with green hydrogen. NGEL, a subsidiary of India's NTPC Ltd, is exploring the possibility of forming joint ventures (JVs) with these companies to cater to their captive green hydrogen requirements. The focus on JVs is crucial for ensuring assured off-take of green hydrogen for captive consumption, especially in industries like refineries and metal manufacturing. The cost of green hydrogen production, currently between $3.7-5.3 per kg, is a significant consideration. The aim is to reduce production costs to below $1 to enhance the viability of green hydrogen. With India targeting net-zero emissions by 2070 and specific companies setting ambitious goals, such as IOCL aiming for net-zero by 2046 and Hindalco targeting 2050, the adoption of green hydrogen is gaining momentum. NTPC is strategically diversifying into green energy and chemicals, eyeing significant production of green hydrogen, methanol, ethanol, and sustainable aviation fuel. NGEL plans to raise funds through an IPO to expand its presence in the energy transition space. NTPC is also set to establish India's largest green hydrogen production facility in Andhra Pradesh. The National Green Hydrogen Mission aims to achieve 5 million tonnes of green hydrogen production annually by 2030, aligning with India's green energy goals.