Reliance Industries Ltd last year announced a tie-up with the Danish company, Stiesdal, for manufacturing electrolysers in India. Stiesday's technology is 'alkaline', one that is fast going out of fashion. Why did Reliance pick a fading technology?
Asked this question, sources in Reliance say, "wait and see". They say that Stiesday is to get going, but that is not the end of the story.
It is understood that Reliance could soon announce a tie-up with a company which is into PEM technology. Sources revealed nothing more.
Going forward, Reliance would also be interested in more emergent technologies, such as AEM. Unlike many other investors, Reliance has deep pockets, it can test out all the technologies in the market and go with the one that wins.
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