Hitachi Energy inches up on inaugurating power quality products manufacturing unit in Bengaluru
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Hitachi Energy India is currently trading at Rs. 3562.70, up by 24.80 points or 0.70% from its previous closing of Rs. 3537.90 on the BSE.
The scrip opened at Rs. 3572.20 and has touched a high and low of Rs. 3611.25 and Rs. 3550.00 respectively. So far 573 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4040.00 on 03-Mar-2022 and a 52 week low of Rs. 1828.85 on 25-Aug-2021.
Last one week high and low of the scrip stood at Rs. 3680.05 and Rs. 3350.00 respectively. The current market cap of the company is Rs. 14994.21 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 6.62% and 18.38% respectively.
Hitachi Energy India has inaugurated a new and larger facility of Power Quality Products manufacturing in Doddaballapur, Bengaluru. As a part of Hitachi Energy’s global manufacturing network, this facility will offer direct and indirect employment and nurture an ecosystem of local suppliers across the manufacturing value chain. It closely aligns with Prime Minister’s Mission Innovation to accelerate public and private clean energy innovation to address climate change, make clean energy affordable to consumers, and create jobs and commercial opportunities.
The new manufacturing facility doubles the existing capacity to produce advanced capacitor units, banks and power electronic compensators for low, medium and high-voltage systems, which are used in the power utilities, industries, renewables and transportation segments. Power quality products play an important role in improving power stability by enabling increased capacity and reduced energy losses.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all.
