Cummins

While valuation is not cheap, positive brokerage views to support stock

Firm says it will start with LNG-hydrogen platform; India to be a sourcing hub

Global power solutions provider Cummins in collaboration with Tecnimont will help GAIL in setting up a proton exchange membrane electrolyzer for the public sector natural gas company at Vijaipur in Madhya Pradesh, a release said on Wednesday. The facility, said to be one of India largest, is expected to produce 4.3 tonnes of green hydrogen per day, which will be equivalent to around 10 MW of electrical power generation, it said. Tecnimont Private Limited (TCMPL), an engineering, procurement and construction firm, is the Indian subsidiary of Maire Tecnimont Group. Cummins said it will leverage its proprietary PEM electrolysis technology for the GAIL project. "The GAIL green hydrogen production project based on our PEM electrolyzer technology is a first of its kind and will pave the way for many such projects in the future," said Ashwath Ram, Managing Director at Cummins India. Cummins said it has supplied and commissioned more than 600 electrolyzers worldwide with PEM and alkaline

India will be one of the first markets to receive Cummins' hydrogen engines, the company said

Cummins India's stock has gained 27 per cent since its lows in June, helped by a strong first quarter, expectation of improved demand and margin recovery.

Left-arm pace bowler Mitchell Starc took out Rory Burns' leg stump with a swinging yorker on the first delivery of the Ashes series on Wednesday

Short-term trend of the stock is positive

Trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

Cummins has said it globally plans to invest $500 million over the next three years to develop an electrified powertrain product line

Revenues declined six per cent due to steep fall in exports; the focus is now on domestic sales