BHEL signs crucial agreement with Thyssenkrup Nucera for Green Hydrogen Projects
New Delhi: In a significant step towards the green renewable projects, the state-run firm Bharat Heavy Electricals Limited (BHEL) has signed Strategic Collaboration Agreement (SCA) with thyssenkrup nucera India Private Limited for Alkaline Electrolyser System for Green Hydrogen projects. The company has informed the exchanges. The cost of the agreement is still confidential and has not been mentioned.
The collaboration has taken place for the Alkaline Electrolyser System and the significant Strategic Tie-Up has been signed for Alkaline Electrolyser systems for green hydrogen projects
This Strategic tie-up shall enable phased indigenization and local manufacturing of Alkaline electrolyser systems for green hydrogen projects in India. The collaboration will further strengthen BHEL’s project execution capabilities for green hydrogen projects in India.
According to the company’s exchange filing statement issued, this will enhance BHEL's contribution to National Green Hydrogen Mission and support the Government of India's Make in India initiative.
Thyssenkrupp Nucera India Private Limited is a key engineering and project execution arm of the German electrolysis specialist. It primarily focuses on green hydrogen and chlor-alkali technologies for the industrial production of green hydrogen and chlorine.
Shares of BHEL are trading down by 2.51% at Rs 377.65 at BSE.