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Nextgen Semiconductors, which has announced to set up a chip facility in Gujarat, on Friday said it plans to raise around Rs 1,000-1,500 crore through equity and other instruments in the next 12 months. Nextgen has announced to invest more than Rs 8,800 crore in phases to build India's fully integrated Silicon (Si) and Silicon Carbide (SiC) power semiconductor platform in Dholera, Gujarat. The company plans to raise around Rs 1,000 crore to Rs 1,500 crore over the next 12 months via a mix of equity and structured instruments, Nextgen said in a statement. Nextgen aims to establish a wafer-to-power electronics components' ecosystem that will accelerate India's self-reliance in critical semiconductor technologies for electric vehicles, renewable energy, data centres, and industrial electronics, the statement said. It plans to build the platform with a phased investment of over Rs 8,800 crore, the company said. Nextgen looks to start project work at Dholera by April 2026 and the facil
Hitachi Energy India Ltd on Friday announced an investment of Rs 300 crore to enhance the manufacturing capability of high-quality transformer insulation materials in order to cater to the rising demand. In transformers, high-quality insulation material acts as a proactive barrier, keeping the flow of electricity safe and preventing internal short circuits. The investment is part of company's overall investment of Rs 2,000 crore for India announced in October 2024, Hitachi Energy India said in a statement. The company said the latest investment of Rs 300 crore in its insulation and components business will expand the manufacturing facility in Mysuru, Karnataka. The expansion will double the facility's capacity to produce EHV (extra-high voltage) class high-quality pressboard and laminated board, a vital insulation material used in power and distribution transformers. As part of the expansion, Hitachi Energy India will replace the fossil fuel boiler, making its Mysuru site an ultra
Hitachi Energy India on Wednesday posted multi-fold increase in net profit at Rs 131.60 crore for June quarter 2025-26 mainly due to higher revenues and lower base effect. The company logged a net profit of Rs 10.42 crore in the same period a year ago. Revenue rose to Rs 1,529.84 crore in the quarter from Rs 1,327.33 crore a year ago, a company statement said. This was achieved through effective order execution during the quarter and continued improvement in overall operational efficiency. With effective execution of high-margin orders, sustained operational excellence, a good product mix, and increased export momentum, the company saw a significant YoY growth in profit after tax (net profit) on a lower base, it said. Furthermore, it stated that the steady collection of receivables, along with advances, resulted in a positive cash impact in the quarter, supporting the company's commitment toward improving margins and strengthening overall operational efficiency and capacity. In t