Cyient Ltd. shares jumped more than 4% in early trade after the company announced a strategic contract win to support a green hydrogen production and distribution facility in Langstranda, Bodø, Norway.
The project is part of a joint venture between Norwegian infrastructure company GreenH and Germany-based renewable energy asset manager Luxcara. The facility aims to accelerate Norway’s green transition by supplying green hydrogen to the country’s maritime and heavy transport sectors.
A key highlight of the project includes a long-term supply agreement with Torghatten Nord AS, ensuring green hydrogen fuel for Vestfjorden ferries — a critical step toward decarbonizing Norway’s maritime transport.
Construction of the facility began in fall 2024. Cyient will serve as the owner’s engineer and provide detailed plant engineering services, leveraging its proven expertise in green and renewable energy solutions.
Cyient shares opened at ₹1,181.10, reaching a high of ₹1,201.00 and a low of ₹1,161.20 during the day. The stock has a 52-week high of ₹2,157.45 and a 52-week low of ₹1,084.05.
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