Advait Infratech Awarded Contract for 200 MW of Alkaline Electrolysers in India
Key Ideas
- Advait Infratech Limited secures a contract to establish manufacturing capacities for 200 MW of alkaline electrolysers in India under the SIGHT Scheme.
- The contract, valued at approximately ₹200 crore, aims to boost domestic production of green hydrogen technology, aligning with India's sustainable energy goals.
- Shares of Advait Infratech Limited rise by 5% following the announcement, indicating market confidence in the company's green technology manufacturing capabilities.
Advait Infratech Limited has been awarded a significant contract by the Solar Energy Corporation of India Limited (SECI) to set up manufacturing capacities for 200 MW of alkaline electrolysers in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. The contract, valued at around ₹200 crore, demonstrates India's commitment to sustainable energy solutions and self-reliance in green technology manufacturing. This initiative is part of the government's efforts to accelerate the adoption of green hydrogen in the country's energy mix. Advait Infratech is set to establish facilities for manufacturing alkaline electrolysers, with the company's shares rising by 5% post the announcement, reflecting market optimism in the company's capabilities. The specific timeline for the project execution has not been disclosed in the announcement, but this development signifies a significant step towards promoting green hydrogen technology in India.
Topics
Green Hydrogen
Green Technology
Manufacturing
Sustainable Energy
Domestic Production
Government Efforts
SECI
BSE
SIGHT Scheme
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