Hero Future Energies plans ₹4,000-crore green hydrogen push, says chairman Munjal

What happened: KKR-backed Hero Future Energies plans to invest ₹4,000 crore in green hydrogen projects, founder and chairman Rahul Munjal said, targeting demand from steel, cement and refining. Key numbers: ₹4,000 crore planned investment; 50 MW electrolyser and 250 MW hybrid RE under evaluation; portfolio of 7.7 GWp renewable assets and 2.9 GWh battery Why it matters: Munjal expects green hydrogen to become mainstay in three to four years, and HFE aims to gain early project experience, including at Rockman Industries in Tirupati, to pursue large-scale projects when the market matures.

KKR-backed Hero Future Energies plans to invest ₹4,000 crore in green hydrogen projects, founder and chairman Rahul Munjal said, targeting demand from steel, cement and refining.

Munjal expects green hydrogen to become mainstay in three to four years, and HFE aims to gain early project experience, including at Rockman Industries in Tirupati, to pursue large-scale projects when the market matures.