Deep Industries Limited (DEEP) has entered into a Memorandum of Understanding (MoU) with Advait Greenergy Private Limited (AGPL). This MoU aims to bid for and execute various green hydrogen project tenders and contracts issued by government bodies, PSUs, private entities or any other organizations in India and abroad.

DEEP and AGPL agree to jointly bid for green hydrogen project tenders floated by NTPC, SECI, IOC, HPCL, BPCL, GAIL, other PSUs, state utilities or any other entity, preparation and submission of joint bid proposals, technical submissions and financial responses and Execution of the Project upon award, in accordance with the respective scopes defined in the MoU.