GH2 Solar unlisted share price

Price history

About

GH2 Solar Limited, earlier GH2 Solar Private Limited, calls itself India's green hydrogen infrastructure partner. It is based in Noida, Uttar Pradesh. The company says it wants to cover the full chain from solar power to hydrogen molecules to hydrogen mobility. It began in utility-scale solar and still works as a solar EPC contractor. Its website lists open access solar projects of 20 MW in Maharashtra, 14 MW in Karnataka and 80 MW in Rajasthan. It also offers solar with battery energy storage (BESS) for industrial customers, and the site claims 2GW+ of solar capacity delivered. The newer business is hydrogen. GH2 Solar plans to make alkaline electrolyzers, the machines that split water into hydrogen, in a joint venture with South Korea's AHES. The factory is listed at Morena, Madhya Pradesh. The company says it holds PLI awards for both electrolyzer manufacturing (105 MW a year) and green hydrogen production (10,500 TPA). Other lines are hydrogen refuelling stations, fuel cell systems, and green ammonia and e-methanol. Government-awarded projects on its site include a green hydrogen demonstration at V.O. Chidambaranar Port in Tamil Nadu and a hydrogen fuel cell microgrid for NHPC in Leh. The company's investor page says it has no published annual reports or financial statements yet. We therefore could not read revenue, profit or debt from a company document, and this page shows no financials. The figures on this page are the company's own claims from its website. On IPO Guru the indicative unlisted price is ₹318 per share with a lot size of 500 shares, which puts the implied market cap near ₹619.59 crore. Unlisted shares of a company like this trade off-market between private parties, so prices are indicative and not set on an exchange. IPO Guru has no linked IPO for GH2 Solar at present.