Danieli jumps on GravitHy hydrogen plant contract

Danieli & C Officine Meccaniche SpA

03/08/2026 10:23

** Shares in Italy's Danieli DANI.MI are up more than 7%
** The plant maker reported on Friday it was contracted by France's GravitHy to proceed with initial basic engineering for a hydrogen DRI plant in Fos-sur-Mer
** GravitHy appointed Danieli to supply an Energiron Zero Reformer DRI plant for the production of 2 million tonnes per year of Hot Briquetted Iron (HBI)
** The overall investment in the GravitHy project exceeds €3 billion ($3.46 billion), and operations are expected to start by end of 2030
** Brokerage Equita deems the order as "potentially significant" for Danieli, estimating its share of contract to exceed €400 million
** Including today's rise, the stock has gained 36.96% YTD, per LSEG data
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($1 = 0.8678 euros)

(Reporting by Mirko Miorelli)
((Mirko.Miorelli@thomsonreuters.com))