MoU26 Apr 2025, 12:15 am
Loyal Equipments Limited Enters MoU with F2N Green Hydrogen Srl for Green Hydrogen Technology and Market Development
AI Summary
Loyal Equipments Limited has signed a non-binding Memorandum of Understanding (MoU) with F2N Green Hydrogen Srl, an international company based in Italy. The MoU is for strategic cooperation in the field of green hydrogen technology and market development. F2N Green Hydrogen will provide technical consultancy, while Loyal Equipments Limited will undertake market development and future local manufacturing in India. The agreement is non-binding and each party will bear its own costs for the scope undertaken during the MoU period.
Key Highlights
- Loyal Equipments Limited has entered into a non-binding MoU with F2N Green Hydrogen Srl for green hydrogen technology and market development.
- F2N Green Hydrogen will provide technical consultancy and Loyal Equipments Limited will undertake market development and future local manufacturing in India.
- The agreement is non-binding and each party will bear its own costs for the scope undertaken during the MoU period.
- The initial term of the MoU is 12 months from the effective date, extendable by mutual consent.
- The MoU includes market development, technical consultancy, future manufacturing potential, and possible India visit by F2N management.