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 strategic collaboration supports company's initiatives in advancing hydrogen projects in India, aligning with the government's Atmanirbhar Bharat vision.

The shares of the company have a PE multiple of 10.90 whereas the sectoral PE multiple is 28.50 with an ROE of 20 per cent. The stock offers a healthy dividend yield of 4.15 per cent and the company has been consistently paying out 60 per cent of its earnings to shareholders in the form of dividends.