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Thermax Ltd Industry :  Electric Equipment
BSE Code
500411
ISIN Demat
INE152A01029
Book Value (Rs)
332.9879545
NSE Symbol
THERMAX
Divident Yield %
0.43
Market Cap
(Rs In Cr.)
38,853
P/E (TTM)
84
EPS (TTM)
38.82
Face Value
(Rs)
2
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Thermax collaborates with HydrogenPro
12-Aug-25   Hrs IST

Thermax has announced a strategic partnership with HydrogenPro, a leader within green hydrogen technology and systems, for alkaline electrolysers. As part of the technology licensing and agreement for supply of stacks, including any future upgrades and technical support from HydrogenPro, Thermax will have exclusive rights in India for the supply, installation, commissioning, and after-sales services of alkaline electrolyser systems based on HydrogenPro's technology, which will be effective immediately and available for deployment in ongoing Indian green hydrogen projects.

HydrogenPro brings world-class, proven electrolyser technology that fully complies with international standards and certifications. HydrogenPro's in-house expertise in advanced electrode development and coating serves as a key enabler for delivering high-efficiency systems.

Through a comprehensive technology transfer, Thermax will engineer and manufacture key systems and balance-of-plant components of the electrolyser for integration with stacks. Additionally, Thermax and HydrogenPro will collaborate on the joint development of advanced solutions to meet evolving market needs. As a significant first step, a state-of-the art test station for short stacks will be established at Thermax's facility in Pune.

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