New Delhi, Oct. 21 -- KKR-backed Hero Future Energies (HFE) is looking to invest Rs.4,000 crore in green hydrogen projects, betting on growing demand from industries such as steel, cement and refining that are under pressure to cut emissions, founder and chairman Rahul Munjal said in an interview. The renewable energy firm is eyeing an early foothold in a business it expects to gain momentum over the next three to four years.

The proposed investment comes as the company looks to expand its clean energy portfolio through FY30, with a growing focus on hybrid, storage-backed and round-the-clock renewable power projects alongside solar and wind.

"Green hydrogen is an emerging growth area for us, and we continue to evaluate multi-megawatt pr...