Loyal Equipments Limited has entered into a non-binding Memorandum of Understanding with F2N Green Hydrogen Srl.
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Loyal Equipments Limited has signed a non-binding Memorandum of Understanding with Italy-based F2N Green Hydrogen Srl on April 25, 2025, for strategic cooperation in green hydrogen technology and market development. Under the arrangement, F2N will provide technical consultancy on its electrolyser systems, while Loyal will handle market development in India and potentially set up local manufacturing using F2N's proprietary technology later. Loyal plans to execute turnkey projects targeting green hydrogen applications for refineries, steel plants, mobility, and renewable energy storage. The initial MoU term is 12 months (extendable), with no upfront consideration paid by either side. Both parties will assess market traction over 12-18 months before deciding on local manufacturing in India.
This marks Loyal's entry into the clean energy and green hydrogen space through an international partnership, which could open up new revenue streams and support its diversification plans. However, since the MoU is non-binding with no immediate financial commitment or confirmed orders, near-term stock impact is likely to be limited unless actual project wins or manufacturing plans materialize.