Hitachi

Hitachi Energy India on Thursday said it has sought shareholders' approval to raise its borrowing limit to Rs 11,500 crore. The company's current borrowing limit is Rs 6,500 crore -- Rs 5,000 crore towards non-fund based and Rs 1,500 crore towards fund-based limits from its bankers/financial Institutions or from anyone, it said in an exchange filing. Given the likely increase in business opportunities and new orders in the near future, the Board of Directors at their Meeting held on January 29, 2025, has provided their approval and recommended the same to the shareholders to increase the existing limit to Rs 11,500 crores by enhancing the non-fund based limit by Rs 5,000 crores. As a result, the revised limits would be Rs 11,500 crores consisting of Rs 1,500 crores towards fund-based limits and Rs 10,000 crores towards non-fund-based borrowing facilities. With the new high-value projects in pipeline, the company expects an increase in business growth in the near future. Such ...

Hitachi Energy India will seek shareholders' approval to raise Rs 4,200 crore through issues of equity shares or other securities. In an exchange filing, the company said, the voting will start at 9 am on January 22 and continue till 5 pm on February 20. As per the notice, it will seek approval to raise up to Rs 4,200 crore by way of public or private offering, including a qualified institutions placement (QIP), to eligible investors through an issuance of equity shares or other eligible securities. The proceeds from the proposed issuance will be used towards meeting growth objectives, the filing said. The company has been pursuing both organic and inorganic growth opportunities. Additionally, there is an ongoing requirement for working capital and capital expenditure (capex) for the upgrade and expansion of businesses and ongoing projects. The generation of internal funds may not be sufficient to meet all the requirements of its growth plans, the company said. Therefore, it is .

Kaushal spoke about research, semiconductors and his company's plans

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday said it has, along with Hitachi Energy India, secured an order for Khavda Nagpur HVDC (hight voltage direct current transmission) project from Power Grid Corporation. The order was awarded by Power Grid Corporation of India on behalf of its Project SPV (special purpose vehicle) company. According the filing, the order is to design and execute the 800kV, 6,000 MW, 1,200 km High Voltage Direct Current (HVDC) terminal stations to evacuate renewable energy from Khavda in Gujarat to Nagpur in Maharashtra. The order will be executed by 2029. Power Grid Corporation secured Khavda Phase V: Part A Power Transmission, the first-ever HVDC project tendered through a tariff-based competitive bidding (TBCB) process and subsequently selected BHEL and Hitachi Energy India for the implementation of bi-directional parallel HVDC bipoles and associated AC substations for power evacuation. This project is part of the interstate

Construction equipment major Tata Hitachi on Wednesday expressed concerns over the growing penetration of Chinese imports in the Indian market, capping the growth trajectory of domestic companies despite healthy market conditions. The company urged the government to take measures to encourage companies that have invested heavily in 'Atmanirbhar Bharat' and 'Make in India' initiatives, by countering "unfair" competition from Chinese imports. Tata Hitachi Managing Director Sandeep Singh stated that the market share of Chinese excavators in India has surged to 20-22 per cent, a concerning trend given the country's focus on self-reliance and domestic manufacturing. "The Chinese penetration in the excavators segment has intensified in recent months, reaching about 20-22 per cent. This is very high. Five years back, it was not even 10 per cent," Singh told reporters on the sidelines of the CII-organised IMME and Global Mining Summit 2024. The construction equipment business in India is .

Tata Hitachi, a joint venture between Japan's Hitachi Construction Machinery Company and Tata Motors, has lost market share in recent years. One reason was the influx of Chinese imports

The key focus areas for the company in India would be building power transmission systems, especially high-voltage direct current (HVDC) technology for which it is the only supplier in India

Air-conditioner makers have logged a high double-digit growth in revenue and several of them had over two-fold jump in profits during April-June quarter amid increased demand due to the blistering summer. Companies such as Voltas, Blue Star, Whirlpool of India, Johnson Hitachi, and Havells which owns Llyods brand have reported a high growth trajectory in their top-line and bottom line, led by record sales in the April-June period. Tata group firm Voltas, a leading player in the room AC segment, reported over two-fold jump in consolidated net profit at Rs 335 crore and its revenue from operation went up 46.46 per cent to Rs 4,921 crore. Voltas also reported achieving the "milestone" of one million units of AC sales in the first quarter of FY25 and its total income crossed the Rs 5,000 crore-mark during the period. In the first quarter of this financial year, Voltas' revenue from "unitary cooling products for comfort and commercial use" that come under its room AC business vertical w

Ratan Tata, then Tata Group chairman, had flown in along with the brass to make the announcement. The Nano found its home at Singur in the Hooghly district

Set up in 2009, the Kharagpur facility in West Bengal is spread over 250 acres and happens to be one of the largest excavator plants in South East Asia

Heat waves are accelerating the penetration of many cooling products like air conditioners and refrigerators, an industry expert said

Venu Nuguri, the managing director and CEO of Hitachi Energy's India unit, disclosed plans to potentially establish a GCC in Hyderabad and Pune within the next six months to a year

India's government last year rolled out incentives for green energy transition, with an aim to have 500 GW of installed capacity through non-fossil fuel sources by 2030

Japanese firm Hitachi's subsidiary Hitachi Vantara on Monday said it has invested over USD 200,000 (about Rs 1.67 crore) as part of a programme to install new data storage solutions at its several Indian clients' sites. Under the product showcase programme, Hitachi Vantara will partner with its select clients in India to install Hitachi VSP E90 machines at their data centres, which will help enhance their capabilities and services. Selected partners -- CTAP Systems, PC Solutions, Orisenc Technologies, and Hitachi Systems India -- have already acquired and installed the Hitachi VSP E90 machines in their data centres, the company said in a statement. With Hitachi Virtual Storage Platform (VSP) E590 machines, partners can now deliver quicker Centre of Excellence (COE) capabilities to their local customers, including the ability to conduct Proof of Concepts (POCs) on customers' unique solutions, validated with on-site customer data, and increase the number of workshops conducted, it ...

Hitachi Energy India posted a multi-fold jump in its net profit at Rs 23 crore for the quarter ended December 31, 2023 on higher revenues. "Profit after tax (net profit) was at Rs 23 crore (in October-December 2023), clocking a recovery of 400 per cent year-on-year on a low base," a company statement said. In the October-December period of 2022, Hitachi Energy India had reported a net profit of Rs 4.6 crore. "Technologies and market innovations are playing a pivotal role in navigating the complexities of the evolving energy landscape. These have further expedited the pace of energy transition across sectors, helping us sustain our growth this quarter," said N Venu, Managing Director and CEO, Hitachi Energy India Ltd in the statement. The company's revenues increased to Rs 1,276.4 crore in the quarter under review, from Rs 1,041 crore in the same period a year ago. "Strong order execution and mitigation of some supply chain challenges have helped deliver revenue and bottom-line gro

Microsoft, Hitachi, Lulu Group among companies that commit projects in state

Hitachi India's rail and power business would be the biggest revenue contributor over the next decade, he Kaushal added

GlobalLogic's MD Piyush Jha projects robust growth, leveraging AI for operational efficiency in FY24

Facility will house over 2,500 technologists specialising in transformers and grid automation