Deep Industries Limited and Advait Greenergy Private Limited signed a memorandum of understanding to collaborate on developing green hydrogen projects in India, aiming to expand their presence in the country’s emerging clean energy sector, Chemical Industry Digest News reported.
Under the agreement, the two companies will jointly participate in green hydrogen project tenders floated by major public sector firms such as NTPC Limited, Solar Energy Corporation of India, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited and GAIL (India) Limited, along with other government-backed entities.
The partnership brings together the strengths of both firms. Deep Industries will contribute its experience in energy infrastructure and project execution, while Advait Greenergy will provide expertise in renewable energy and green hydrogen technologies.
The companies plan to develop integrated hydrogen solutions covering the entire value chain, including hydrogen production, storage, transportation and distribution.
The collaboration also aligns with India’s efforts to promote a green hydrogen economy as part of its clean energy transition. The government is encouraging the use of hydrogen to help reduce carbon emissions in sectors such as refining, fertilisers and heavy industries.
By jointly pursuing upcoming tenders, the two companies aim to accelerate large-scale green hydrogen projects and support the country’s long-term decarbonisation goals.
