The shares of the clean energy solution company gained up to 4 percent after the company received a significant Letter of Intent from Rajasthan Part I Power Transmission Limited.
Price movement
With a market capitalization of Rs 52,087.08 crore, the shares of Hitachi Energy India Ltd were trading at Rs 12,290.00 per share, increasing around 0.13 percent as compared to the previous closing price of Rs 12,273.45 apiece.
Reason for Rise
The shares of Hitachi Energy India Ltd have seen positive movement after Hitachi Energy India Ltd received a Letter of Award from Rajasthan Part I Power Transmission Limited, by the consortium of Hitachi Energy India Limited and Bharat Heavy Electricals Limited (BHEL).
It involves the design and execution of an HVDC LCC terminal station of 6000 MW at Bhadla (Rajasthan) and Fatehpur (UP), + 800 kV HVDC LCC terminal station (4X 1500) from Bhadla III and Fatehpur along with associated AC substations.
Financial Performance
Looking forward to the company’s financial performance, revenue increased by 27 percent from Rs 1,274 crore in Q2FY24 to Rs 1,620 crore in Q2Y25. During the same period, net profit increased by 495 percent, from Rs 23 crore to Rs 137 crore.
Future Outlook
Management remains optimistic about energy transition-driven growth. India is set to become the third-largest economy by 2030-31, with major investments in renewable energy and power transmission. The renewable sector is expected to attract ₹18.8 lakh crores in investments.
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HVDC Projects
The company secured a major HVDC order for the 1,200 km Khavda-Nagpur project to enhance renewable energy transmission. With 70 years of HVDC expertise, management highlighted its significance. Upcoming HVDC projects like Bhadla, Khavda-Olpad, and Pang-Kaithal are expected to be awarded within 12 months.
Order Mix
Orders in the transmission segment saw strong growth, driven by increased data center-related demand. Services accounted for 11% of total orders, emphasizing digitalization and lifecycle services. The overall order mix reflected a shift towards high-tech infrastructure and long-term service solutions.
Capital Expenditure
The company plans to raise ₹4,200 crores for capital expansion and working capital needs. The funds will support HVDC, transformers, and high-voltage businesses, including potential M&A activities.
Management comments
Hitachi Energy India Limited remains optimistic about growth, driven by strong order intake, sustainability focus, and strategic investments in technology and capacity expansion. The company’s commitment to innovation and green energy solutions positions it well for future opportunities in the evolving power and infrastructure sectors.
Company Overview
Hitachi Energy India Ltd serves utility and industry customers, with a complete range of engineering, products, solutions, and services in areas of Power technology.
Written by Abhishek Singh
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