Ranjit Gupta, Founder and CEO, Ocior Energy

Ranjit Gupta, Founder and CEO, Ocior Energy

Beginning his professional journey at Schlumberger Limited, Ranjit Gupta went on to lead energy firms such as In­diabulls Power, Orange Renew­ables, Ostro Energy and Azure Power, before founding Ocior Energy Holding Private Limited. With a mechanical engineering degree from IIT Bombay and certification from the Senior Executive Leadership Programme of Harvard Bu­siness School, Gupta is currently CEO of Ocior Energy and a co-owner at Aleo Manali Hydro­power Private Limited. He has also served as chair of the FICCI Renewable Energy CEOs’ Council.

Ocior Energy is focused on developing, building, owning and operating gre­en hydrogen and green ammonia projects at scale. Gupta remarks, “The green hy­drogen industry is emerging, business models in terms of how projects will be cr­eated, who the offtaker will be, and pricing mechanisms are in the process of being develop­ed. It is heartening to see In­dia, the EU, Japan, the US, Sin­ga­pore, South Korea and other countries announce large of­f­take targets and in­cen­tives to help reduce the di­fference in pricing bet­ween green and grey hydrogen/ammonia.”

He adds, “It is very exciting to be in the green hydrogen sector. Unlike electricity, these green molecules can be exported and will compete in a global product pool giving Indian companies an edge. The­re­fore, I am a firm supporter of Indian government’s visi­on of promoting India as an export hub of these products.”

Regarding his management style, Gupta believes that it is crucial to hold te­am members accountable for their allocated work, and facilitate continuous communication for effective management. Aligning the management’s vision with that of the employees is crucial for achievement of a co­mpany’s objectives. He re­ma­rks, “As a leader, I believe it is important to communicate the vision and mission of the organisation internally and externally. Thus, creating a workplace where decision-making, responsibility and au­thority are decentralised to empower the team to achieve a shared mission.”

He aims to establish two green hydrogen ammonia facilities in the next few years. The opportunity to sell gr­e­en hy­dro­­­g­en/am­monia products to global ma­r­­kets is immen­se. In the next four ye­ars, he pla­ns to produce and export 200,000 tonnes of green ammonia annually from two plants in India and overseas.