Linde India has raised its stake in clean power firm Zenataris Renewable Energy to 26.77%.
The industrial gases major has invested an additional ~₹69.9 crore ($7.27m), complementing its initial investment of ₹35 crore ($3.64m) in September 2024.
Zenataris is a special purpose vehicle focused on green power. Linde India uses it to source renewable electricity for its industrial operations at lower tariffs.
The investment mirrors Linde’s broader commitment to reduce greenhouse gas emissions.
Indian stock and futures trading platform Sahi said, “This isn’t just a green move; it is a margin-preservation move in an inflationary energy environment. The investment indicates a robust capital allocation strategy toward operational sustainability. Sector-wide, this may trigger similar moves by competitors.”
India’s green industrial gas market is underpinned by its National Green Hydrogen Mission. The market, valued at $1.95bn in 2025, is growing fast and the target is to make 5 million metric tonnes of green hydrogen every year by 2030.
V.O. Chidambaranar Port in southern India could advance green hydrogen and derivative trade with Europe through a new partnership with Germany’s H2Global foundation.
