Agreement Details
Bharat Heavy Electricals Limited has signed a Strategic Collaboration Agreement (SCA) with thyssenkrupp nucera India Private Limited for Alkaline Electrolyser System for Green Hydrogen projects.
Key Agreement Terms
- Area of Agreement: Alkaline Electrolyser System
- Geographic Scope: Domestic (India)
- Share Exchange/JV Ratio: Not Applicable
- Scope of Business Operation: Strategic Tie-Up for Alkaline Electrolyser systems for green hydrogen projects
- Consideration Details: CONFIDENTIAL (not disclosed)
- Significant Terms: Strategic Tie-Up for Alkaline Electrolyser Systems for green hydrogen projects
- Related Party Transaction: Not Applicable (promoter/promoter group/group companies have no interest)
- Entity Size: Not Applicable
Rationale and Expected Benefits
The 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. This will also enhance BHEL's contribution to National Green Hydrogen Mission and support the Government of India's Make in India initiative.
Financial Impact
Financial impact not quantified in the disclosure. Consideration details are confidential.