Bharat Heavy Electricals Limited (BHEL) has entered into a Strategic Collaboration Agreement (SCA) with thyssenkrupp nucera India Private Limited. This domestic agreement focuses on Alkaline Electrolyser Systems, crucial for Green Hydrogen projects in India. The collaboration aims for phased indigenization and local manufacturing of these systems. It is expected to bolster BHEL's project execution capabilities in the green hydrogen sector and contribute to India's National Green Hydrogen Mission and the 'Make in India' initiative. The specific details of consideration paid or received are confidential. The agreement does not involve a share exchange ratio or JV ratio, and it is not applicable to related party transactions.
