BHEL share price is likely to remain in focus after the state-owned engineering and manufacturing company announced a Strategic Collaboration Agreement (SCA) with thyssenkrupp nucera India Private Limited. The partnership aims to strengthen India's green hydrogen ecosystem by enabling the phased manufacturing and deployment of Alkaline Electrolyser Systems within the country.
The collaboration marks another step in BHEL's diversification into clean energy technologies, supporting the government's efforts to build a domestic green hydrogen value chain while reducing dependence on imported equipment.
Under the agreement, BHEL will collaborate with thyssenkrupp nucera India to manufacture Alkaline Electrolyser Systems, a key technology used to produce green hydrogen through water electrolysis powered by renewable energy.
The partnership focuses on the phased indigenisation and localisation of electrolyser manufacturing. By combining BHEL's engineering and manufacturing expertise with thyssenkrupp nucera's technology, the companies aim to establish a strong domestic production base for green hydrogen equipment.
The initiative also aligns with the Government of India's 'Make in India' programme by promoting local manufacturing and reducing reliance on imported clean energy technologies.
The agreement comes as India accelerates efforts under the National Green Hydrogen Mission, which aims to produce 5 million metric tonnes of green hydrogen annually by 2030.
The availability of domestically manufactured electrolysers is expected to play a crucial role in achieving this target by lowering project costs, strengthening supply chains, and supporting the large-scale deployment of green hydrogen projects across industries.
For BHEL, the partnership expands its presence in the fast-growing renewable energy sector and enhances its capability to execute integrated green hydrogen projects in the future.
While the companies have not disclosed the financial terms of the agreement, the collaboration represents a strategic move for BHEL as it broadens its portfolio beyond conventional power equipment.
As investments in clean energy continue to rise, the company is positioning itself to participate in emerging opportunities across hydrogen, renewable power, and industrial decarbonisation.
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The strategic partnership with thyssenkrupp nucera India underscores BHEL's growing focus on clean energy and advanced manufacturing. By localising alkaline electrolyser production, the company is strengthening its role in India's green hydrogen ambitions while creating new long-term growth opportunities. With the clean energy transition gathering pace, BHEL share price is expected to remain on investors' radar as the company expands its footprint in the renewable energy ecosystem.
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Published on: Jul 7, 2026, 2:08 PM IST
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