Hitachi

Hitachi takes AI-related solutions from India to world: MD Bharat Kaushal

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

India offers Hitachi valuable insights for global applications: Bharat Kaushal

Bhel-Hitachi receives Khavda Nagpur HVDC project from Power Grid Corp

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

Tata Hitachi expresses concerns over Chinese imports, seeks govt support

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 .

Chinese imports hit Indian construction equipment manufacturing sector

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

Hitachi Energy India plans Rs 2,000 crore investment in energy projects

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 log two-fold jump in profits amid blistering heat

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

Tata Hitachi's success harvest from field to factory in West Bengal

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

Atmanirbharta has been part of our culture from Day One: Tata Hitachi MD

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

Blistering summer helps Varun Bev, Havells, Voltas, others improve earnings

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

Hitachi Energy shares hit 52-week high on expansion plans

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

Hitachi Energy plans India expansion, local ops amid rising power demand

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

Hitachi Vantara invests about Rs 1.67 cr to install data storage solutions

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 posts multi-fold rise in Q3 net profit at Rs 23 crore

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

Karnataka signs investment deals worth Rs 22,000 cr at Davos summit

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

Hitachi's Indian business expects to have $20 billion revenue by 2030

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

GlobalLogic eyes $2 billion run rate, 15% growth in FY24: MD Piyush Jha

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

Hitachi Energy's largest global tech, innovation centre comes up in Chennai

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

Hitachi bags order from Ayana Renewable Power for 300 MW solar project

Hitachi Energy India on Thursday said it has bagged an order from Ayana Renewable Power to provide a grid connection solution for their upcoming 300 MW solar project in Bikaner, Rajasthan. However, the company did not disclose the value of the order, a company statement said. Hitachi Energy will provide an engineering, procurement and construction management package that collects all the power generated by the plant and transfers it into the national transmission system. The project is scheduled to be commissioned in March 2024. "This project from Ayana Renewable Power is another step towards an integrated renewable energy system," said N Venu, Managing Director and CEO, India and South Asia, Hitachi Energy. Today, 33GW of clean power in India flows through Hitachi Energy's technology, as per the statement.

Hitachi Payment Services launches India's first-ever UPI-ATM with NPCI

The Hitachi Money Spot UPI ATM is built on Android OS and will allow cardless cash withdrawals