In Short : Hitachi Energy’s Q4 results show a 124% increase in net profit, and the company has declared a ₹4 dividend. This strong financial performance reflects significant growth and profitability for the company. In Detail : In the quarter ended March 31, 2024, orders totalled ₹1,406.7 crore, up 13.9% quarter-on-quarter and 11.5% year-on-year. Shares […]
Hitachi Energy eyes expansion in India amid rising power demand – EQ
In Short : “Hitachi Energy sets sights on expansion in India amidst increasing power demand, signaling a commitment to bolstering infrastructure and supporting the nation’s growing energy needs.” In Detail : HYDERABAD : Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a […]
Hitachi Energy wins order from Ayana Renewable to provide grid – EQ
Bengaluru : Hitachi Energy India Limited (Hitachi Energy) has won a contract from Ayana Renewable Power one of the leading Independent Power Producers in the country to provide a grid connection solution for their upcoming 300-megawatt (MW) solar photovoltaic power plant in Bikaner, Rajasthan. Hitachi Energy has been working closely with Ayana Renewables for this […]
Hitachi Energy bags power transformers supply contract from NTPC Renewable – EQ Mag Pro
Hitachi Energy India said that it has been awarded a contract by NTPC Renewable Energy to supply power transformers for their upcoming 4.75 GW renewable energy park in Gujarat, which is part of India’s largest solar park. Spread over 72,600 hectares in Kutch, this solar park supports the country’s efforts towards carbon-neutral future with its […]
Hitachi Energy is ahead of schedule with its purpose-driven growth plan – EQ Mag Pro
Hitachi announced acquisition of remaining shares from ABB ahead of schedule further supporting Hitachi Energy’s 2030 Plan Zurich, Switzerland : Hitachi Energy Ltd (“Hitachi Energy”) today announced that Hitachi, Ltd. (TSE: 6501, “Hitachi”) has signed a share transfer agreement for the remaining 19.9% shares from ABB Ltd (SIX: ABBBN, “ABB”), pursuant to the acquisition agreement […]
Hitachi Energy inaugurates first of its kind transformer components factory in India – EQ Mag Pro
The new low environmental impact production for dry bushings in Vadodara reflects Hitachi Energy’s commitment to accelerate reliable power in the Indian grid. Bangalore : Hitachi Energy India Ltd. today inaugurated its new transformer components factory in Vadodara, Gujarat. Located in its largest manufacturing location in India, this factory will produce dry bushings with the […]
Hitachi Energy launches OceaniQ™ – innovative solutions for the offshore environment – EQ Mag Pro
The company’s recently launched transformers for floating applications are the first entry into the OceaniQ™ portfolio of solutions that address the unique challenges of the offshore environment. India : Hitachi Energy today launched its OceaniQ™ portfolio1 for the offshore energy environment, which will be showcased this week at the annual WindEurope event in Bilbao, Spain. […]
Post-Budget Quote by Mr. N Venu, MD & CEO, India & South Asia, Hitachi Energy – EQ Mag Pro
“India delivered a pro-growth budget with a significant push to capital expenditure to boost the supply side and attract private investment. The government appears to have had its ears to the ground and covered a vast gamut of sectors in its four priority areas — PM Gati Shakti, Inclusive Development, Climate Action, and Energy Transition. […]
Hitachi Energy Achieves 100% Fossil-free Electricity in Own Operations – EQ Mag Pro
The global technology and market leader in power grids has achieved the first-step target in its Sustainability 2030 plan and steps up the pace towards carbon-neutral ZURICH, SWITZERLAND : Hitachi Energy today announced that it has achieved the first-step target set out in its Sustainability 2030(1) plan – the use of 100% fossil-free electricity in […]
Hitachi Energy wins orders to speed up the electrification of India’s railways – EQ Mag Pro
The technology and market leader in power grids will deliver its transformers to Indian Railways, which aims to become a net zero carbon emitter by 2030. Bangalore : Hitachi Energy India Ltd. has won orders exceeding INR 160 crore for its key electric components to support the electrification of the country’s rail routes. As the […]