Advait Infratech Limited signs MOU with Jiangsu HuaDe Hydrogen Energy Technology Co. Ltd.

Advait Infratech Limited (AIL), a energy solutions provider based in Gujarat, India, has recently signed a Memorandum of Understanding (MOU) with Jiangsu HuaDe Hydrogen Energy Technology Co., Ltd. (HuaDe), a leading Company in hydrogen fuel cell technology based in China.

The intent of this MOU is to collaborate on setting up a fuel cell manufacturing facility in Gujarat, India, with the design developed by HuaDe. Under this arrangement, the technology will remain with HuaDe, and AIL will be the manufacturer of fuel cell systems in India. The facility will focus on manufacturing pure hydrogen and city gasbased fuel cell systems, which have significant potential in the Indian market.

This collaboration will leverage the expertise of both companies to drive the adoption of fuel cell technology in India, which is expected to play a crucial role in the country's transition to a sustainable energy future. The partnership with HuaDe will enable AIL to access cutting-edge fuel cell technology and manufacturing know-how, which will strengthen our position in the market and allow us to offer innovative and sustainable energy solutions to our customers.

The company believes that this collaboration will not only benefit AIL and HuaDe, but also contribute to the growth and development of the Indian renewable energy sector. We are excited about the opportunities this partnership presents and are committed to delivering high-quality fuel cell systems that will help accelerate the adoption of hydrogen-based energy solutions in India.

Shares of Advait Infratech Ltd was last trading in BSE at Rs. 293.00 as compared to the previous close of Rs. 279.15. The total number of shares traded during the day was 2500 in over 5 trades.

The stock hit an intraday high of Rs. 293.00 and intraday low of 283.00. The net turnover during the day was Rs. 727500.00.

Source : Equity Bulls

Keywords

AdvaitInfratech INE0ALI01010 MOU JiangsuHuaDeHydrogenEnergyTechnology China