Bharat Heavy Electricals Limited (BHEL) and Oil & Natural Gas Corporation Ltd. (ONGC) in India have taken a substantial step towards the country's renewable energy goals by signing a Memorandum of Understanding (MoU). This MoU focuses on collaborating in the field of New and Renewable Energy, specifically targeting technologies like Fuel Cells, Electrolyzers, and Battery Energy Storage Systems. The aim of this partnership is to drive innovation and accelerate the adoption of clean energy solutions to support India's ambitious National Green Hydrogen Mission. BHEL, a leading public sector enterprise with a strong presence in India's power sector for over six decades, has a track record of manufacturing power generation equipment. In its recent financial results, BHEL reported a notable increase in net sales along with a shift from a net loss to a net profit, indicating positive growth potential. The company's market cap exceeds Rs 70,000 crore, with significant ownership by the President of India's portfolio and the Life Insurance Corporation of India. The collaboration between BHEL and ONGC is expected to play a crucial role in advancing the development and deployment of cutting-edge clean energy technologies, contributing to the growth of the green hydrogen sector in India. With a focus on areas like Fuel Cells and Electrolyzers, this partnership aligns with India's commitment to a greener and more sustainable energy landscape. Additionally, BHEL's healthy dividend payout and market performance make it an attractive option for investors to monitor for potential growth and stability.