Multibagger maharatna enters into Technology Transfer Agreement (TTA) for 50 kW alkaline electrolyser system: Know more here!

The stock has experienced significant buying activity, yielding multibagger returns of more than 268 per cent in the last 1 year.

Today, the shares of Bharat Heavy Electricals Limited plunged by 2.53 per cent. The company's current market capitalization standing at Rs 1,01,397.68 crore.

Stock performance:

On Tuesday, the stock opened at Rs 300.85, with the previous closing being Rs 298.75. The 52-week high and low are Rs 322.35 and Rs 77.30, respectively as per BSE.

Recent Development:

Bharat Heavy Electricals Limited (BHEL) has entered into a significant Technology Transfer Agreement (TTA) with Bhabha Atomic Research Centre (BARC) for a 50 kW alkaline electrolyser system aimed at hydrogen production. The technology provided by BARC is indigenously developed and features a high content of locally sourced materials.

The agreement was formalized in the presence of Mr. Jai Prakash Srivastava, Director (Engineering, Research & Development) at BHEL. The signing was conducted by Mr. K. Ravishankar, Executive Director (Corporate Technology Management and Corp R&D) at BHEL, and Dr. S. Adhikari, Associate Director (Knowledge Management Group) at BARC.

Through this collaboration, BHEL plans to scale up the indigenous alkaline electrolyser technology and commercialize it for use in various sectors, including refineries, fertilizers, steel, and transportation. This initiative marks a significant step in BHEL's commitment to the 'National Green Hydrogen Mission' and the 'Aatma Nirbhar Bharat Abhiyan'.

About the Company:

Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer involved in the design, engineering, manufacture, erection, testing, commissioning, and servicing of a wide range of products and services for core sectors of the economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defense. As the flagship engineering and manufacturing company of India, it is owned and controlled by the Government of India.

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BHEL’s segment-wise break-up reveals that the power sector constitutes 74.87 per cent of its business, while the industry sector accounts for 25.13 per cent. The company currently has no reported activities in process automation, motion, robotics, or electrification products.

In terms of geographic distribution, the vast majority of Bharat Heavy Electricals Ltd’s operations are concentrated in India, which accounts for 95.14 per cent of its business. The remaining 4.86 per cent is spread across the rest of the world.

Furthermore, the stock has experienced significant buying activity, yielding multibagger returns of more than 268 per cent in the last 1 year.

Disclaimer: The article is for informational purposes only and not investment advice.