Sterlite Technologies Ltd. (STL) has surged over 4% after announcing its partnership with Hygenco to establish Maharashtra's first green hydrogen production facility in Chhatrapati Sambhaji Nagar. The project will supply green hydrogen and oxygen to Sterlite Tech's glass preform facility, with the aim of becoming one of the world's first optical fibre manufacturers to use 100% green hydrogen in its production processes. This move supports Sterlite Tech's goal to achieve net zero emissions by 2030. Hygenco will be responsible for building, owning, and operating the green hydrogen facility, ensuring a reliable and commercially viable supply for 20 years. The collaboration is seen as a significant step towards decarbonisation in the optical fibre industry. CEO Rahul Puri of Optical Networking Business at STL highlights that utilizing green hydrogen sets a new global benchmark for decarbonisation. Hygenco CEO Amit Bansal emphasized the potential of green hydrogen to revolutionize India's sustainability efforts. With STL shares rising and gaining 6.4% in the past month, the market response reflects optimism towards the partnership and the shift towards green energy initiatives.