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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
Hitachi India on Thursday announced appointment of N Venu as its Managing Director, with effect from June 2, 2025. This follows the elevation of Hitachi's first Indian Managing Director Bharat Kaushal, Corporate officer, Hitachi Ltd to Executive Chairman Hitachi India with effect from April 1, 2025, a company statement said. N Venu will be the MD in addition to his current role as Managing Director & CEO, Hitachi Energy India and Region Head of South Asia at Hitachi Energy. As the Managing Director of Hitachi India, N Venu will focus on expanding Hitachi's legacy in India in line with Hitachi Group's new management plan - Inspire 2027. By strengthening the cohesion of around 28 Hitachi group companies in India, Venu will strive to create value for customers as Hitachi transforms into a digital-centric company and expand the Lumada business while creating synergetic opportunities for the organization, especially by integrating IT, OT (Operational Technology) ...
Hitachi Energy India on Wednesday reported a nearly 62 per cent rise in net profit to Rs 183.9 crore for the March 2025 quarter, mainly on the back of higher revenues. The company had reported a net profit of Rs 113.7 crore a year ago, a company statement said. Its total income rose to Rs 1,921.85 crore in the quarter from Rs 1,699.20 crore in the year-ago period. The board of directors has recommended a final dividend of 300 per cent or Rs 6 per share of face value of Rs 2 each, subject to shareholders' approval at the ensuing annual general meeting. The dividend, if declared at the sixth AGM, will be paid/ dispatched after August 20, 2025, to those shareholders who hold shares in physical form and whose name appears on the company's register of members as holders of equity shares on August 13, 2025. During fiscal 2024-25, the net profit rose to Rs 383.98 crore from Rs 163.78 crore in the preceding fiscal. The total income increased to Rs 6,442.10 crore from Rs 5,246.78 crore a
Japanese conglomerate Hitachi on Thursday announced the elevation of its Indian Managing Director Bharat Kaushal to Executive Chairman. Kaushal is the first Indian Managing Director of Hitchi in India. He will also continue as acting Managing Director, Hitachi India, Corporate Officer, In charge of Regional Strategies (India), Hitachi Ltd. These changes are effective from April 1, 2025, Hitachi India said in a statement. This "strategic leadership transition to drive continued innovation and sustainable growth in India's digital transformation", the company said. Kaushal was appointed as the first Indian Managing Director in 2017 and since then he has been instrumental in demonstrating exemplary leadership and contributing significantly to the company's growth and success. His vision has propelled Hitachi India's expansion across various sectors, including energy, infrastructure, healthcare, e-education, financial inclusion and urban mobility, while fostering strong partnerships w