Hitachi Energy India

Hitachi Energy is poised to benefit from its presence in high-growth segments such as renewable energy, transmission, data centres, e-mobility, railways, battery storage, etc

While Hitachi Energy did not specify the time period of the order in the filing, BHEL said that the order has to be completed by 2029

Hitachi Energy India on Tuesday posted over 111 per cent jump in net profit to Rs 52.3 crore in the September quarter, mainly due to higher revenues. The company had reported a net profit of Rs 24.7 crore in the quarter ended on September 30, 2023, according to a company statement. According to the statement, the revenue for the July-September 2024 quarter was Rs 1,553.8 crore, 26.5 per cent higher than Rs 1,228.2 crore a year ago on the back of a favourable mix and good order execution during the quarter. In the quarter ended September 30, 2024, the orders totalled Rs 1,952 crore, up 11.7 pe cent year-on-year from Rs 1,747.1 crore in July-September 2023. Renewables led the charge -- from studies across utilities, power quality and substation projects. Expansion, upgrades and improved efficiency also resulted in orders from existing power plants, it stated. The service portfolio witnessed substantial year-on-year growth of 65 per cent. Orders included comprehensive overhauling of

In the past three trading days, the stock price of Hitachi Energy India has surged 15% after the company announced its plans to invest around Rs 2,000 crore over the next four to five years.

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

Switzerland-based technology player Hitachi Energy has plans to invest Rs 2,000 crore over the next 4-5 years in India, a company official said on Monday. The investments will be made towards expanding capacity of transformers, talent base and increasing portfolio, N Venu, MD&CEO, India and South Asia, Hitachi energy India said. Hitachi Energy India is an arm of Hitachi Energy. The investment of Rs 2,000 crore will be made over a period of 4-5 years towards building capacity of large and small power transformers, and dry and traction transformers, he said. Besides, the investment will be towards building capacity of insulation and components, strengthening the company's existing HVDC high voltage direct current capacity. It will be focussed on network control solution offerings to customers coming from sectors like industries, utilities, transportation, Venu said. He said the company intends to invest Rs 400 crore every year up to 5 years. On the funding, Venu said the company is

Shares of Hitachi Energy fell by 4.36 per cent per share on the BSE in Thursday's intraday trade

Hitachi Energy India on Wednesday posted four-fold jump in net profit to Rs 10.4 crore for June quarter FY25 mainly due to higher revenues. The company had reported a net profit of Rs 2.4 crore for the year-ago period, it said in a BSE filing. Revenues rose to Rs 1,327.3 crore from Rs 1,043 crore. "As the energy transition gathers pace, investments in the power sector - especially renewables continued to grow," said N Venu, MD & CEO of Hitachi Energy India. This is reflected in the company's strong order intake and record order backlog which it is steadily converting to revenues through solid execution while keeping a close watch on costs. "We are optimistic on ongoing market support, especially in our identified high growth segments - renewables, HVDC, data centers, electrification of transport, etc," he added. In June quarter, orders totalled Rs 2,436.7 crore, more than double as compared to the year-ago period. Renewables led the charge from studies across utilities and ...

Tata Hitachi Construction Machinery on Tuesday announced that it would invest Rs 200 crore in its two manufacturing plants to stay ahead of the curve in quality, innovation and localisation. The company, a 40:60 joint venture between Tata and Hitachi of Japan, aims at ramping up localisation levels to 70 per cent over the next 2-3 years, its Managing Director Sandeep Singh said. The company plans to produce 60-tonne dump trucks in India, leveraging technology from Hitachi Canada, primarily used for the mining industry, he said. Additionally, the company intends to introduce more models in India as part of the 'Atmanirbhar' (self-reliant) policy started long back, the official said. "We will invest a total of Rs 200 crore in our two plants in West Bengal's Kharagpur and Dharwad in Karnataka. This will help us stay at the forefront of innovation and increase self-reliance (Atamnirbharta) to 70 per cent in 2-3 years from the current 65 per cent," Singh said. The company is celebratin

Hitachi Energy's shares zoomed up to 5.3 per cent at Rs 12,220 per share on the BSE in Tuesday's intraday trade

European markets closed on a negative note, with Germany's DAX falling 0.22 per cent and the UK's FTSE dropping 0.09 per cent

Hitachi Energy India on Tuesday posted a 123.7 per cent growth in net profit to Rs 113.7 crore in the March quarter mainly on the back of higher revenues. The company had posted a net profit of Rs 50.8 crore in the same quarter a year ago, Hitachi Energy said in a statement. The company delivered strong revenues of Rs 1,699.2 crore, up 27.2 per cent year-on-year from Rs 1,336.3 crore in the year-ago period. This (revenue growth) was a result of solid order execution, reflecting a diverse revenue mix and focus on continuous improvement in operations, it said. The board of directors has recommended a final dividend of Rs 4 per share of face value of Rs 2 each, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). In the March quarter, the orders totalled Rs 1,406.7 crore, up 11.5 per cent from Rs 1,262 crore a year ago. "A strong revenue performance, helped by a favourable external environment helped to deliver double digit margins," Hitachi Energy In

Company results Q4 FY24: JK Tyre & Industries, Religare Enterprises, and Hitachi Energy India are poised to release the financial report for the fourth quarter today

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