Advait Infratech Limited Signs MOU for Green Hydrogen Plant in Haryana: A Leap Towards Sustainable Innovation
Key Ideas
  • Advait Infratech Limited has signed an MOU with Haryana City Gas Distribution to establish a 2000 MTPA Green Hydrogen Plant, showcasing a commitment to clean energy.
  • The collaboration includes supply of alkaline-based electrolysers, O&M services, consultancy for green hydrogen applications, and feasibility studies for green ammonia and carbon credits.
  • The company, formerly known as Advait Infratech Limited, delivers a diverse range of products in power transmission, telecommunication, and now ventures into green energy solutions.
  • Despite a slight decrease in revenue, the company's net profit has shown significant growth, reflecting a positive trajectory for Advait Infratech Limited amidst its focus on sustainable innovation.
Advait Infratech Limited, a company specializing in products and solutions for power transmission, power substations, and telecommunication infrastructure sectors, has taken a significant step towards sustainable innovation by signing a Memorandum of Understanding (MOU) for establishing a 2000 MTPA Green Hydrogen Plant in Haryana. The collaboration with Haryana City Gas Distribution aims to not only set up the plant but also provide alkaline-based electrolysers, operation and maintenance services post-commissioning, consultancy for green hydrogen applications in various sectors, and explore feasibility studies for green ammonia and carbon credits. This partnership underscores Advait Infratech Limited's dedication to advancing clean energy and promoting sustainable, innovative solutions for a greener future. The company's product portfolio, which includes power transmission products like stringing tools and optical fiber cables, along with telecommunication solutions, now extends to green energy solutions, emphasizing electrolyzers and hydrogen technologies through its subsidiaries. In terms of market presence, Advait Infratech operates globally, supplying products to EPC companies and utilities across sectors. The company has also enhanced its production capabilities through joint ventures focusing on manufacturing OPGW and OFC cables, strengthening its position in the market. While the recent quarter results showed a slight decrease in revenue, Advait Infratech Limited's net profit has notably increased, indicating a positive trajectory amidst its sustainable innovation efforts. The company's shareholding pattern reveals a majority stake held by promoters, with Ace investor Ashish Kacholia having a notable stake in the public holding. Overall, Advait Infratech Limited's foray into green hydrogen production, alongside its existing product portfolio and market presence, positions the company as a key player in the sustainable energy sector, reflecting a positive sentiment towards its endeavors.
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