Introduction:
Leading IT solutions provider has secured a strategic contract to support the development of a hydrogen production and distribution facility in Bodø, Norway, as part of a joint venture focused on renewable energy.
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Share price movement of Cyient:
On April 15, 2025, Cyient Ltd opened at ₹1,185.95, up 3.54% from its previous close of ₹1,144.95. The stock reached a high of ₹1,204.45 (5.2%) and a low of ₹1,161.25. By 3:21 PM, it traded at ₹1,188.00, a 3.76% increase, with a market cap of ₹13,191.42 crore.
Cyient Secures Contract for Hydrogen Project in Norway:
Cyient has secured a strategic contract with GreenH and Luxcara to support the development of a hydrogen production and distribution facility in Bodø, Norway. The project aims to provide green hydrogen for the maritime sector.
The hydrogen facility will supply fuel under a long-term agreement with Torghatten Nord AS for the Vestfjorden ferries. Cyient’s role includes providing owner’s engineering and detailed plant engineering services, utilizing its expertise in renewable energy for optimized project delivery.
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Recent news on Cyient:
As of April 08, 2025, Cyient Ltd announced the launch of its wholly owned subsidiary, Cyient Semiconductors. The new entity will focus on scaling ASIC turnkey solutions, leveraging Cyient’s semiconductor design expertise.
Stock performance of Cyient for Period of 1 week, 6 months, and 1 year:
Cyient Ltd declined by 0.79% over the past week, it fell by 38.4% in the past six months. The stock dropped 44.8% over the past year.
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Shareholding pattern of Cyient:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 23% | 23.20% | 23% |
| FII | 28.20% | 28.40% | 29.50% |
| DII | 30% | 30% | 27% |
| Public | 17.50% | 17.90% | 19.50% |
| Others | 0.80% | 0.80% | 0.80% |
About Cyient:
Cyient Ltd (NSE: CYIENT), established in 1991, provides intelligent engineering solutions across products, plants, and networks, serving over 300 global clients, including 30% of the top 100 innovators, with a focus on sustainability and inclusivity.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
