The French electrolyzer technology and production company will grant an exclusive licence of its pressurized alkaline electrolyzer technology for manufacture and future product upgrades, L&T said on Wednesday.
"The cake is quite large for many players to be, you know, benefiting from it," Subramanian Sarma, whole-time director & L&T, said in an interview.
"So, we will have to see how the market evolves. But I believe that if you have a good product, then we will have a decent market share. A good sort of target to achieve and a large market share could be anything between 25 and 30% to start with," said Sarma, who is also the company's senior executive vice president (energy).
Sarma added that eventually, L&T would own this technology from McPhy.
"We have not concluded it. But it will be in the next 8-10 years," he said.
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