Latest news with #HitachiEnergyIndiaLimited
Business Upturn
26-06-2025
- Business
- Business Upturn
Hitachi Energy wins order from Power Grid to supply 30 units of 765 kV, 500 MVA single-phase transformers
Hitachi Energy India Limited has secured a significant order from Power Grid Corporation of India Limited (POWERGRID) to supply 30 units of 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers, marking a major step in India's push toward a more sustainable and robust energy future. As India accelerates its energy transition—driven by increased renewable energy integration and widespread electrification—the demand for power transformers has grown rapidly, rising at a rate of 15% per year over the past two years. This order reflects the industry's shift from short-term project planning to long-term infrastructure programs aimed at strengthening the national grid. The 765 kV UHVAC transformers play a critical role in enhancing grid efficiency, reliability, and security. Once operational, these transformers will support power transmission equivalent to the average electricity consumption of 30 million Indian households, while also reducing transmission losses, lowering operational costs, and improving access to affordable electricity. Manufactured at Hitachi Energy India's facility in Maneja, Vadodara (Gujarat), the transformers will align with POWERGRID's transmission expansion timelines and contribute to Make in India efforts. This local production underscores the company's commitment to supporting India's self-reliant energy manufacturing goals. In a parallel global achievement, Hitachi Energy recently completed successful testing of the world's first 765-kV/400-kV, 250 MVA natural ester-filled transformer. The use of biodegradable ester oil enhances fire safety and sustainability, setting new benchmarks in green power grid solutions. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
14-05-2025
- Business
- Business Upturn
Hitachi Energy India Q4 Results: Revenue up 10.84% YoY to Rs 1,840 crore, Net Profit surges 62% YoY
By Aditya Bhagchandani Published on May 14, 2025, 18:43 IST Hitachi Energy India Limited reported a strong financial performance for the quarter ended March 31, 2025, with a consolidated net profit of ₹183.9 crore, rising 61.8% year-on-year from ₹113.7 crore in Q4 FY24. The growth was driven by solid order execution, operational excellence, and forex gains on export deliveries. Revenue for the quarter stood at ₹1,921.9 crore, marking a 13.1% YoY increase from ₹1,699.2 crore in the corresponding period last year. Operational EBITDA for the quarter came in at ₹235.6 crore with margins at 12.3%, reflecting improved profitability and cost discipline. For the full year FY25: Net profit grew 134% YoY to ₹384 crore Revenue increased 23% YoY to ₹6,442.1 crore Order book hit a record high of ₹18,173.8 crore, with the year-end backlog at ₹19,245.9 crore Dividend Announcement Based on this robust financial performance, the Board of Directors has recommended a final dividend of ₹6 per equity share (300% of the face value of ₹2), subject to shareholder approval at the upcoming Annual General Meeting. The company also celebrated 75 years of operations in India during the fiscal year, announcing a ₹2,000 crore investment plan over the next 4–5 years to expand capacity. To support this initiative, Hitachi Energy India raised ₹2,520.82 crore via a Qualified Institutional Placement (QIP). Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
