Hitachi Energy India rises on bagging order from Power Grid Corporation
Hitachi Energy India is currently trading at Rs. 19620.65, up by 213.05 points or 1.10% from its previous closing of Rs. 19407.60 on the BSE.
The scrip opened at Rs. 19716.05 and has touched a high and low of Rs. 19849.10 and Rs. 19365.80 respectively. So far 1070 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 20295.00 on 05-Jun-2025 and a 52 week low of Rs. 8738.05 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 19911.90 and Rs. 18516.45 respectively. The current market cap of the company is Rs. 87166.16 crore.
The promoters holding in the company stood at 71.31%, while Institutions and Non-Institutions held 17.29% and 11.40% respectively.
Hitachi Energy India has received an order from Power Grid Corporation of India to supply 30 units of 765-kilovolt (kV) 500 megavolt-ampere (MVA) single-phase transformers. India needs a sustainable, flexible, and secure grid to advance its energy transition ambitions, accommodating the greater addition of renewable generation sources and the electrification of industries and transportation. This also substantially increased the demand for Power transformers in India at 15 percent per year for the last two years. To seamlessly cater to the increasing demand for grid infrastructure in India and around the world, utilities are swiftly shifting their planning horizons from near-term project-based to longer-term program-based.
UHV AC 765 kV transformers enhance the power grid's security, reliability, and efficiency, helping to meet increasing energy demands. Once installed, these transformers can transmit the power equivalent to the average power consumption of 30 million households in India. Higher voltage transmission, such as 765 kV, enables efficient bulk transfer of power over long distances, significantly reducing losses and lowering operating costs, making electricity more affordable for consumers. 765 kV transformers reduce transmission lines and cut land use and construction costs while enhancing grid security with high capacity.
Hitachi Energy India is a global technology leader that is advancing a sustainable energy future for all.
