India's Sterlite Technologies up on green hydrogen tie-up with Hygenco

Sterlite Technologies

12/10/2023 07:58

** Shares of optical and digital solutions provider Sterlite
Technologies  STTE.NS  rise as much as 3.8% to 163.5 rupees,
biggest intraday percentage gain since Sept. 18 
    ** STTE on track to rise for third straight session - its
longest winning streak since Aug. 24 - if gains hold
    ** Co says it collaborated with homegrown green hydrogen
solutions provider Hygenco for supply of green hydrogen to its
manufacturing plants
    ** STTE says Hygenco will build-own-operate the green
hydrogen facility for co for 20 years
    ** More than 1.4 mln shares traded by 12:20 p.m. IST, 0.6
times their 30-day moving avg
    ** Stock currently up 3.2%, trimming YTD losses to 7.7% 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))