After Adani stocks, Hindenburg may have crashed into India’s green hydrogen mission too

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Adani group is looking to leverage its facilities at Mundra special economic zone to set up a green hydrogen ecosystem.

Synopsis
For India's green hydrogen mission, Adani was the first company to come up with an overall investment plan and targeted production numbers. It even announced plans to invest USD50 billion to produce green hydrogen and develop an ecosystem around it. Will the recent troubles impact India’s dream to become a green hydrogen powerhouse?

Hindenburg is all about that sinking feeling. On May 6, 1937, LZ 129 Hindenburg, the largest airship ever built and the pride of Nazi Germany, burst into flames during landing at the Naval Air Station Lakehurst, New Jersey, killing 35 of the 97 people on board. Around 86 years apart, on January 24, 2023, Hindenburg was involved in another crash, albeit a completely different one this time. As the New York-based short seller published a report