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Advait Infratech signs MOU with Jiangsu HuaDe Hydrogen Energy Technology Company

05 Apr 2023 Evaluate

Advait Infratech (AIL) has signed a Memorandum of Understanding (MOU) with Jiangsu HuaDe Hydrogen Energy Technology Company (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 gas-based 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 its position in the market and allow it to offer innovative and sustainable energy solutions to its customers.

Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.

Advait Energy Share Price

1955.10 94.95 (5.10%)
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