Page 2 - Hitachi Energy India

Hitachi Energy slips 3% after launching QIP at floor price of Rs 12,112.5

The company will be raising funds aggregation worth Rs 4,200 crore through the QIP, as informed by the company via a filing on January 18, 2025

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Stocks to Watch, Feb 21, 2025: Here is a list of stocks that could be buzzing in trade today

Hitachi Energy India seeks shareholders' nod to increase borrowing limit

Hitachi Energy India on Thursday said it has sought shareholders' approval to raise its borrowing limit to Rs 11,500 crore. The company's current borrowing limit is Rs 6,500 crore -- Rs 5,000 crore towards non-fund based and Rs 1,500 crore towards fund-based limits from its bankers/financial Institutions or from anyone, it said in an exchange filing. Given the likely increase in business opportunities and new orders in the near future, the Board of Directors at their Meeting held on January 29, 2025, has provided their approval and recommended the same to the shareholders to increase the existing limit to Rs 11,500 crores by enhancing the non-fund based limit by Rs 5,000 crores. As a result, the revised limits would be Rs 11,500 crores consisting of Rs 1,500 crores towards fund-based limits and Rs 10,000 crores towards non-fund-based borrowing facilities. With the new high-value projects in pipeline, the company expects an increase in business growth in the near future. Such ...

Capital Goods shares under pressure; Siemens, Hitachi Energy down up to 10%

The BSE Capital Goods index slipped 4.6% in intra-day trades today, falling 7.5% in 2 days after the finance minister presented the Union Budget 2025-26 in the Parliament on Saturday

Capital goods index tanks 6% on capex disappointment in Union Budget 2025

RVNL, Bharat Dynamics, Hitachi Energy India, Siemens, ABB India, Titagarh Rail Systems, CG Power and Industrial Solutions, Bharat Electronics and L&T down in the range of 5 per cent to 10 per cent.

Hitachi Energy shares hit 20% upper circuit on posting 498% jump in Q3 PAT

Hitachi Energy reported a 498 per cent increase in its consolidated net profit of Rs 137.38 crore as compared to a loss of Rs 22.97 crore a year ago

Hitachi Energy India Q3 result: Net profit surges to Rs 137.4 crore

Hitachi Energy India Limited on Wednesday posted a manifold jump in its profit after tax (PAT) to Rs 137.4 crore for the December quarter on account of higher revenues. Its PAT was Rs 23 crore during the October-December period of the preceding 2023-24 fiscal, the company said in a regulatory filing. The company's revenues increased 31 per cent to Rs 1,672.4 crore from Rs 1,276.4 a year earlier. It reported its highest-ever quarterly order of Rs 11,594.3 crore in the quarter ended December 2024. The surge can be primarily attributed to a large high-voltage direct current (HVDC) order to transmit renewable energy from Khavda in Gujarat to Nagpur, Maharashtra, the company said. At the close of December 31, 2024, the company recorded its highest-ever order backlog of Rs 18,994.4 crore, providing revenue visibility for the coming quarters. Excluding the one-time large HVDC order, the share of exports grew to over 40 per cent of total orders in Q3 FY25, with power quality, substation

Hitachi Energy India to seek shareholders' nod to raise Rs 4,200 crore

Hitachi Energy India will seek shareholders' approval to raise Rs 4,200 crore through issues of equity shares or other securities. In an exchange filing, the company said, the voting will start at 9 am on January 22 and continue till 5 pm on February 20. As per the notice, it will seek approval to raise up to Rs 4,200 crore by way of public or private offering, including a qualified institutions placement (QIP), to eligible investors through an issuance of equity shares or other eligible securities. The proceeds from the proposed issuance will be used towards meeting growth objectives, the filing said. The company has been pursuing both organic and inorganic growth opportunities. Additionally, there is an ongoing requirement for working capital and capital expenditure (capex) for the upgrade and expansion of businesses and ongoing projects. The generation of internal funds may not be sufficient to meet all the requirements of its growth plans, the company said. Therefore, it is .

Hitachi Energy India gains 5% as board to mull fundraising on January 18

"We wish to inform you that a meeting of the Board of Directors of the Company is scheduled on Saturday, January 18, 2025, to consider and approve the proposal for raising funds," filing read

Valuations factor in the positives for Hitachi Energy India's stock

Hitachi Energy is poised to benefit from its presence in high-growth segments such as renewable energy, transmission, data centres, e-mobility, railways, battery storage, etc

BHEL, Hitachi Energy rise up to 9% after securing Khavda Nagpur project

While Hitachi Energy did not specify the time period of the order in the filing, BHEL said that the order has to be completed by 2029

Hitach Energy India Q2 results: Net profit rises 111% to Rs 52 crore

Hitachi Energy India on Tuesday posted over 111 per cent jump in net profit to Rs 52.3 crore in the September quarter, mainly due to higher revenues. The company had reported a net profit of Rs 24.7 crore in the quarter ended on September 30, 2023, according to a company statement. According to the statement, the revenue for the July-September 2024 quarter was Rs 1,553.8 crore, 26.5 per cent higher than Rs 1,228.2 crore a year ago on the back of a favourable mix and good order execution during the quarter. In the quarter ended September 30, 2024, the orders totalled Rs 1,952 crore, up 11.7 pe cent year-on-year from Rs 1,747.1 crore in July-September 2023. Renewables led the charge -- from studies across utilities, power quality and substation projects. Expansion, upgrades and improved efficiency also resulted in orders from existing power plants, it stated. The service portfolio witnessed substantial year-on-year growth of 65 per cent. Orders included comprehensive overhauling of

What's driven a 200% rally in this power tech co in 2024 so far? Details

In the past three trading days, the stock price of Hitachi Energy India has surged 15% after the company announced its plans to invest around Rs 2,000 crore over the next four to five years.

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

Hitachi Energy plans Rs 2,000 crore investment in India in next 5 years

Switzerland-based technology player Hitachi Energy has plans to invest Rs 2,000 crore over the next 4-5 years in India, a company official said on Monday. The investments will be made towards expanding capacity of transformers, talent base and increasing portfolio, N Venu, MD&CEO, India and South Asia, Hitachi energy India said. Hitachi Energy India is an arm of Hitachi Energy. The investment of Rs 2,000 crore will be made over a period of 4-5 years towards building capacity of large and small power transformers, and dry and traction transformers, he said. Besides, the investment will be towards building capacity of insulation and components, strengthening the company's existing HVDC high voltage direct current capacity. It will be focussed on network control solution offerings to customers coming from sectors like industries, utilities, transportation, Venu said. He said the company intends to invest Rs 400 crore every year up to 5 years. On the funding, Venu said the company is

Hitachi Energy shares tumble 4% post Q1FY25 show; profits, margin slips QoQ

Shares of Hitachi Energy fell by 4.36 per cent per share on the BSE in Thursday's intraday trade

Hitachi Energy India Q1 results: Net profit jumps four-times to Rs 10.4 cr

Hitachi Energy India on Wednesday posted four-fold jump in net profit to Rs 10.4 crore for June quarter FY25 mainly due to higher revenues. The company had reported a net profit of Rs 2.4 crore for the year-ago period, it said in a BSE filing. Revenues rose to Rs 1,327.3 crore from Rs 1,043 crore. "As the energy transition gathers pace, investments in the power sector - especially renewables continued to grow," said N Venu, MD & CEO of Hitachi Energy India. This is reflected in the company's strong order intake and record order backlog which it is steadily converting to revenues through solid execution while keeping a close watch on costs. "We are optimistic on ongoing market support, especially in our identified high growth segments - renewables, HVDC, data centers, electrification of transport, etc," he added. In June quarter, orders totalled Rs 2,436.7 crore, more than double as compared to the year-ago period. Renewables led the charge from studies across utilities and ...

Tata Hitachi has localisation as top priority, to invest Rs 200cr in FY25

Tata Hitachi Construction Machinery on Tuesday announced that it would invest Rs 200 crore in its two manufacturing plants to stay ahead of the curve in quality, innovation and localisation. The company, a 40:60 joint venture between Tata and Hitachi of Japan, aims at ramping up localisation levels to 70 per cent over the next 2-3 years, its Managing Director Sandeep Singh said. The company plans to produce 60-tonne dump trucks in India, leveraging technology from Hitachi Canada, primarily used for the mining industry, he said. Additionally, the company intends to introduce more models in India as part of the 'Atmanirbhar' (self-reliant) policy started long back, the official said. "We will invest a total of Rs 200 crore in our two plants in West Bengal's Kharagpur and Dharwad in Karnataka. This will help us stay at the forefront of innovation and increase self-reliance (Atamnirbharta) to 70 per cent in 2-3 years from the current 65 per cent," Singh said. The company is celebratin

Hitachi Energy surges 5% on bagging new work order worth Rs 790 cr

Hitachi Energy's shares zoomed up to 5.3 per cent at Rs 12,220 per share on the BSE in Tuesday's intraday trade

Stocks to Watch, May 22: Apollo Tyres, Biocon, Gulf Oil, Ircon Int'l

European markets closed on a negative note, with Germany's DAX falling 0.22 per cent and the UK's FTSE dropping 0.09 per cent