Now , I do not think, Denora india will produce Green hydrogen, coz of substantial investment involved.
However Reliance industries will certainly produce Green hydrogen. Now for producing Green hydrogen you need electrodes with membrane cells .
Now as electrolysis proceeds, electrodes, gets eaten away & need to be replaced, which is expensive. Therefore, Denora provide AMC for periodic coating & recoating of electrodes to enhance its life span to avoid replacement ( akin to retreading of truck tyres)
Denora has gone up, substantially from the time I recommended it. Do remember that no company goes up in a linear equation & there will be periods of underperformance.
There may be more upside in Denora, but I inform you, that I have fully exited, Denora, as price appreciation has been substantial & being a cyclical play, it is likely to underperform , when the down cycle , begins .
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