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BHEL Partners with Horizon Fuel Cell Technologies for Hydrogen Fuel Cell Rolling Stock

Story Highlights
  • BHEL partners with Horizon Fuel Cell Technologies for hydrogen fuel cell rolling stock.
  • The partnership aims to create a new market segment and enhance BHEL’s industry positioning.
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BHEL Partners with Horizon Fuel Cell Technologies for Hydrogen Fuel Cell Rolling Stock

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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.

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