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The latest announcement is out from Bharat Heavy Electricals Limited ( (IN:BHEL) ).
BHEL has signed a long-term exclusive Memorandum of Understanding (MOU) with Horizon Fuel Cell Technologies Pte Ltd, a Singapore-based company, to collaborate on hydrogen fuel cell-based rolling stock for the domestic market. This strategic partnership aims to create and enter a new market segment, enhancing BHEL’s industry positioning and potentially offering significant benefits to stakeholders by expanding its technological capabilities and market reach.
More about Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited (BHEL) operates in the heavy electrical equipment industry, focusing on the production and servicing of power generation and transmission systems. The company is known for its engineering and manufacturing capabilities in the energy and infrastructure sectors, with a significant market presence in India.
Average Trading Volume: 357,435
Technical Sentiment Signal: Sell
Current Market Cap: 735.1B INR
For an in-depth examination of BHEL stock, go to TipRanks’ Overview page.