Advait Infratech Limited (AIL), a energy solutions provider based in Gujarat, India, has recently signed a Memorandum of Understanding (MOU) with Goufu Hydrogen Energy Equipment Co., Ltd.("GouFu"), a Company specialised in manufacturing of hydrogen energy equipment's and related product based in China.
The intent of this MOU is to establish the cooperative and mutually supportive relation between both the parties for catering the present and future requirements of Indian Market for the green hydrogen technologies and projects. Under this arrangement, both the parties will exchange the technology, know-how and will have access to the products of the either party, to meet the need of the market through assembling and manufacturing thereafter.
This collaboration will leverage the expertise of both companies to drive towards the common goal of promoting the green hydrogen technologies and project in India, which is expected to play a crucial role in the country's transition to a sustainable energy future. AIL will manufacture and/or assemble product for Indian market with GouFu technology and will sell under AlL's brand which will strengthen our position in the market and allow us to offer innovative and sustainable energy solutions to our customers.
We believe that this collaboration will not only benefit AL and Goufu, but also contribute to the growth and development of the Indian renewable energy sector. We are excited about the opportunities this partnership presents and are committed to delivering high-quality energy solution systems that will help accelerate the adoption of hydrogen-based energy solutions in India.
Shares of Advait Infratech Ltd was last trading in BSE at Rs. 379.40 as compared to the previous close of Rs. 375.40. The total number of shares traded during the day was 18087 in over 737 trades.
The stock hit an intraday high of Rs. 396.50 and intraday low of 372.50. The net turnover during the day was Rs. 6884628.00.