Green energy stock, Advait Energy Transitions receives Letter of Award from SECI for alkaline electrolysers
The contract includes a Production-Linked Incentive (PLI) for setting up these manufacturing facilities in India under the SIGHT Scheme (Tranche II) by SECI.
Green energy stock, Advait Energy Transitions receives Letter of Award from SECI for alkaline electrolysers
Advait Energy Transitions Ltd (formerly known as Advait Infratech Limited) has received a Letter of Award (LOA) from the Solar Energy Corporation of India Ltd. (SECI). This award is part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme, which aims to establish manufacturing capacities for 200 MW of alkaline electrolyzers.
The contract includes a Production-Linked Incentive (PLI) for setting up these manufacturing facilities in India under the SIGHT Scheme (Tranche II) by SECI. The project is expected to be completed within five years.
Advait Energy Transitions is involved in providing products and solutions for power transmission, power substations, and telecommunication infrastructure. Following the receipt of the LOA from SECI for the PLI to establish alkaline electrolyzer manufacturing, the company's stock experienced a 5% increase, reaching a price of Rs 1,488.25.
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