Advait Signs MoU with TECO 2030 for Fuel Cell Manufacturing in India

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Advait Infratech Limited (AIL), headquartered in Ahmedabad, has signed MoU with TECO 2030, a company based in Norway, for the production of fuel cells in India. As per the agreement, AIL and TECO 2030 plan to form a joint venture (JV) in India, with AIL holding the majority stake. The JV will focus on developing, manufacturing, and marketing TECO 2030 fuel cell technology within the South Asian Association for Regional Cooperation member nations, including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.

Advait Infratech offers comprehensive solutions for power transmission, substation, and telecommunication infrastructure, and has expanded its operations into the renewable energy sector.

In an auction conducted earlier this year by the Solar Energy Corporation of India (SECI), Advait Infratech secured a contract to establish 100 MW of electrolyser manufacturing capacity across India. The incentive allocation for this project amounted to Rs 1.48 billion. This capacity was tendered under SECI’s Strategic Interventions for Green Hydrogen Transition programme, which aimed to set up 1.5 GW of manufacturing capacities.

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