Midcap stock engaged in providing a comprehensive portfolio across the entire value chain of engineering, products, solutions, and services in areas of Power Technology, jumped upto 10 percent in the day’s trade upon receiving a work order from Power Grid Corporation of India Ltd.
Price Action
With a market capitalization of Rs. 52,808 Crores, the shares of Hitachi Energy India Limited were trading at Rs. 12,460 per equity share, up 6.82 percent from its previous day’s close price of Rs. 11,664.85.
What Happened
Hitachi Energy India Limited in consortium with Bharat Heavy Electricals Limited has received a work order from Power Grid Corporation of India Ltd to design and execute the High Voltage Direct Current (HVDC) link to transmit renewable energy from Khavda in Gujarat to the industrial center of Nagpur in Maharashtra.
It involves 800 kV, 6,000 MW bi-pole, and bi-directional HVDC link as part of the transmission system to transfer power from the potential renewable energy zone in the Khavda area of Gujarat under Phase-V (8 GW) Part A. This project crosses 1,200KM and feeds into the country’s 500GW renewable evacuation and interstate transmission system.
It includes converter transformers, AC/DC control and protection, gas-insulated high-voltage switchgear, thyristor valves, 765kV/400kV substation and auxiliary systems to be delivered by Hitachi Energy India Limited along with its consortium partner BHEL.
About the Company
Hitachi Energy India Limited formerly known as ABB Power Products and Systems India, is engaged in providing a comprehensive portfolio across the entire value chain of engineering, products, solutions, and services in areas of Power Technology.
Its products and solutions portfolio includes asset & work management, cable accessories, capacitors and filters, cooling systems, disconnectors, energy storage, generators circuit-breakers (GCB), semiconductors, substation automation, protection & control, substations & electrification, transformers, components, and high voltage switchgear and breakers and many others.
Financials and Ratios
Its revenue from operations grew by 26.52 percent from Rs. 1,228.16 Crores in Q2FY24 to Rs. 1,553.83 Crores in Q2FY25, accompanied by profits of Rs. 25 Crores to Rs. 52 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 14.21 percent, and a return on capital employed (ROCE) of 18.08 percent. It has reported a debt-to-equity ratio of 0.25.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
