Deep Industries Share Price Rises 8% After MoU With Advait Greenergy for Green Hydrogen Projects

Deep Industries share price moved higher in Monday’s trade after the company announced a strategic partnership in the green hydrogen sector. The stock gained momentum after the company signed a memorandum of understanding (MoU) with Advait Greenergy Pvt Ltd to jointly participate in green hydrogen project tenders.

Deep Industries Share Price Gain in Trade

Deep Industries share price (NSE: DEEPINDS) jumped as much as 8.1% during intra-day trading, reaching a high of ₹358.75 per share on the BSE.

By around 11:29 AM, the stock was still trading about 4.4% higher at ₹346.2. In comparison, the benchmark BSE Sensex was up only 0.12%, indicating strong buying interest in the stock.

MoU Signed for Green Hydrogen Projects

The rally in the stock came after the company announced that it had entered into an MoU with Advait Greenergy Pvt Ltd.

Under the agreement, both companies will work together to bid for and execute green hydrogen project tenders issued by government bodies, public sector undertakings, and other organisations in India and overseas.

The collaboration aims to create a framework where both companies can combine their expertise to participate in large hydrogen projects.

Scope of the Partnership

According to the company’s filing, the two companies will collaborate on several project activities, including:

• Preparing and submitting joint bid proposals
• Providing technical and financial submissions for tenders
• Executing projects if the bids are successful

The companies may jointly participate in tenders issued by organisations such as
NTPC Ltd, Solar Energy Corporation of India Ltd, Indian Oil Corporation Ltd, Hindustan Petroleum Corporation Ltd, Bharat Petroleum Corporation Ltd and GAIL (India) Ltd, along with other government and state utilities.

Key Details of the Agreement

The company shared some important terms of the agreement:

• No upfront payment has been made for the partnership
• The MoU will remain valid for two years from March 13, 2026
• It can be extended with mutual agreement between both companies
• The deal does not involve a related party transaction

The collaboration is part of the company’s strategic plan to expand into the green hydrogen sector.

Also Read: Groww Launches New ETF Tracking Nifty PSU Bank Index: NFO Open Till March 20!

About Deep Industries

Deep Industries Ltd provides a wide range of services for the oil and gas industry.

The company offers services such as air and gas compression, drilling and workover services, gas dehydration, and integrated project management.

Conclusion

The partnership between Deep Industries Ltd and Advait Greenergy Pvt Ltd marks a strategic step toward expanding into the rapidly growing green hydrogen sector. 

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