ABB India Ltd announced on Thursday that it has bagged an order from the Netherlands-based Samskip Group to power the new hydrogen-powered container vessels of the company.

Share Market Live

NSE

The order pertains to power, propulsion and automation systems for Samskip Group’s hydrogen-powered container vessels, ABB India said in a filing to the stock exchanges. As per the order, ABB will deliver a comprehensive power distribution system for Samskip Group’s two newly built short-sea container ships.

These vessels will be the first of their kind in the world to be using hydrogen as a fuel, which is also a clean and renewable fuel source.

The ships will be 135 metres long and shall be constructed by India’s largest shipbuilding and maintenance facility, Cochin Shipyard Ltd. These ships will be delivered by the third and fourth quarters of the calendar year 2025, respectively.

Also Read: Morgan Stanley overweight on these electronics manufacturing services stocks, sees up to 29% upside

Further, both vessels will operate over a distance of nearly 700 nautical miles, which would cover the region between Oslo Fjord and Rotterdam.

ABB’s comprehensive package comprises the new and compact version of the ABB Onboard DC Grid power distribution system, which makes sure that energy will be used at an optimal level on board.

The said vessels will also showcase ABB’s energy storage solution control, with ABB Ability System 800xA which is an industry-leading automation technology, which ensures seamless operation of onboard equipment, the company said.

The vessels of Samskip Group will have a hydrogen fuel cell of 3.2 MW each, with diesel generators installed for backup purposes.

Samskip Group is a European multinational transport solutions provider headquartered in Rotterdam, Netherlands. It provides transport services by land, sea, rail and air through its offices across 24 countries.

Shares of ABB India were trading 1.6 percent lower at Rs 4,260.95 per piece on the BSE at 2:28 PM on Thursday.

Catch live market updates with CNBC-TV18.com's blog

(Edited by : Asmita Pant)