Under this 10-year agreement, the two companies will collaborate on the development of hydrogen fuel cell-based rolling stock, with a focus on business sharing and joint operations.

The partnership is aimed at enabling BHEL's entry into a new market segment.

Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems.

The company's consolidated net loss widened to Rs 445.50 crore in Q1 FY26 compared with a net loss of Rs 211.40 crore in Q1 FY25. Revenue from operations saw a marginal year-on-year (YoY) increase of 0.03%, reaching Rs 5,486.91 crore in the quarter ended 30 June 2025.

The scrip had advanced 0.62% to end at Rs 212.40 on the BSE on Friday.

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