The collaboration marks the company’s formal entry into the green hydrogen sector, targeting the deployment of modular hydrogen production systems in India and Thailand.
Under the newly-signed Memorandum of Understanding (MoU), both companies will co-develop, bid for, and execute Green Hydrogen Production System Projects, DDEL said in a stock exchange filing.
The partnership will combine International Clean-Tech Partner’s global expertise in hydrogen technologies, such as electrolysers, separators, and hydrogen purification systems—with DDEL’s strengths in manufacturing ultra-pure hydrogen purification systems with up to 99.99% purity, project execution, marketing capabilities, and a strong existing customer base.
“With International Clean-Tech Partner’s proven technologies and DDEL’s execution expertise, we are confident of unlocking meaningful progress in India and Thailand’s green hydrogen ambitions. Hydrogen is poised to become a cornerstone of global decarbonisation, and we are proud to lead the way alongside such a capable and visionary partner,” Krishan Lalit Bansal, Chairman and Managing Director, DEE Development Engineers, said.
As per the MoU, International Clean-Tech Partner will provide technical support for containerised and modular green hydrogen projects, supply core systems and subsystems, and assist with digital modelling, documentation, and co-branded outreach.
DDEL will manage local marketing, tender participation, statutory clearances, project execution, and after-sales service in both India and Thailand.
The collaboration offers a strategic advantage in a rapidly growing sector, where few players possess the combination of global technology and local execution capabilities required to scale hydrogen infrastructure effectively.
The initiative is aligned with India’s National Green Hydrogen Mission, which aims to position India as a global hub for green hydrogen production, usage, and export. It also supports Thailand’s renewable energy roadmap and reinforces DDEL’s commitment to advancing sustainable infrastructure and clean energy.
Shares of DDEL rallied as much as 7.72% to hit an intraday high of ₹298.35 apiece on the BSE in morning trade. However, the stock pared some of its early gains to trade 5.38% higher at ₹291.85 apiece at 10:28 AM.
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