Bharat Heavy Electricals Limited (BHEL) on Tuesday announced that it has entered into a Technology Transfer Agreement (TTA) with Bhabha Atomic Research Centre (BARC) for 50 kW alkaline electrolyser system for Hydrogen production. The technology offered by BARC, the company said, is indegenously developed and have high local material content.
The agreement was signed in the presence of Jai Prakash Srivastava, Director (Engineering, Research & Development), BHEL by K Ravishankar, Executive Director (Corporate Technology Management and Corp R&D), BHEL and Dr S Adhikari, Associate Director (Knowledge Management Group), BARC.
BHEL, through this collaboration with BARC, intends to scale up Indigenous Alkaline Electrolyser Technology and commercialise it for application in sectors such as refineries, fertiliser, steel, transportation, etc. This will be a step further in BHEL’s contribution to the ‘National Green Hydrogen Mission’ and ‘Aatma Nirbhar Bharat Abhiyan’.
Earlier this month, BHEL had posted its fiscal fourth quarter profit at Rs 489.62 crore, down 25.6 per cent on-year in comparison to Rs 658.02 crore during the corresponding quarter of FY23. It had recorded revenue from operations at Rs 8260.25 crore, marginally above the Rs 8226.99 crore recorded during the fourth quarter of the previous fiscal year. The company EBITDA stood at Rs 727.9 crore, down 30.6 per cent on-year.