Advait Infratech Limited has garnered significant attention today as it was awarded a substantial contract to initiate manufacturing capacities for 200 MW of alkaline electrolysers in India.
The awarded order comes from the Solar Energy Corporation of India Limited (SECI) under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Tranche-II).
The stock market responded positively to the announcement. At 2:05 pm, shares of Advait Infratech Limited were trading at ₹1979.70, marking an increase of ₹94.25 or 5% on the BSE.
Valued at approximately ₹200 crore, the contract aims to elevate the domestic production of green hydrogen technology. Advait Infratech received this pivotal order on August 27, 2024, as part of India’s ongoing commitment to enhance its sustainable energy solutions and foster self-reliance in green technology manufacturing.
The SIGHT Scheme, operated by SECI, is a foundational element of the Indian government’s broader strategy to escalate the inclusion of green hydrogen into the national energy framework. This initiative underscores India’s focus on innovative, sustainable energy practices.
