Bharat Heavy Electricals has signed a Strategic Collaboration Agreement with thyssenkrupp nucera India Private Limited for Alkaline Electrolyser Systems to advance green hydrogen projects. The partnership aims to enable phased indigenization and local manufacturing of these systems in India, strengthening BHEL's project execution capabilities in the sector. This collaboration is expected to enhance BHEL's contribution to the National Green Hydrogen Mission and support the Government of India's Make in India initiative.

Key Details of the Agreement

The agreement outlines a strategic tie-up focused on the domestic market. The following table summarizes the key parameters of the collaboration:

Strategic Rationale

The collaboration is designed to combine technical expertise with local manufacturing capabilities. By enabling phased indigenization, the agreement seeks to establish a robust supply chain for green hydrogen technologies within the country. This move aligns with national objectives for sustainable energy and self-reliance in advanced manufacturing.

Bharat Heavy Electricals Ltd has fixed July 17, 2026 as the record date to determine member eligibility for a final dividend of ₹1.40 per share for FY 2025-26. The dividend, equivalent to 70% of the paid-up equity share capital, is subject to approval by shareholders at the upcoming Annual General Meeting. If approved, the payout will be made within 30 days from the date of declaration, specifically on or before September 3, 2026.

The Board of Directors approved the record date during a meeting held on July 1, 2026. The company has scheduled its 62nd AGM for Wednesday, August 5, 2026, at 10:00 AM IST via video conferencing. Shareholders whose names appear in the Register of Members or the list of Beneficial Owners as of July 17, 2026, will be eligible to receive the dividend.

To facilitate shareholder participation, the company will provide a remote e-voting facility. The remote e-voting period will commence at 9:00 AM IST on August 2, 2026, and conclude at 5:00 PM IST on August 4, 2026. Eligibility for voting through this facility is determined by the cut-off date of July 29, 2026. The Notice of the AGM along with the Annual Report 2025-26 will be dispatched electronically to members with registered email addresses.

The AGM is scheduled to commence at 10:35 AM IST and conclude at 11:00 AM IST. The intimation was submitted to BSE Limited and National Stock Exchange of India Ltd in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Event Dates