The consortium of Hitachi Energy India and Bharat Heavy Electricals (BHEL) has received the Notification of Award from Power Grid Corporation of India 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. The �800 kV, 6,000 MW bi-pole and bi-directional HVDC link is 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, which was awarded to POWERGRID on tariff-based competitive bidding (TBCB) basis. This project crosses 1,200-kilometer (km) and feeds into the country`s 500-gigawatt (GW) renewable evacuation and interstate transmission system.The scope of the project 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 along with its consortium partner BHEL. Powered by Capital Market - Live News

Net profit of Hitachi Energy India rose 111.36% to Rs 52.29 crore in the quarter ended September 2024 as against Rs 24.74 crore during the previous quarter ended September 2023. Sales rose 26.46% to Rs 1507.63 crore in the quarter ended September 2024 as against Rs 1192.22 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1507.631192.22 26 OPM %7.285.48 - PBDT93.4454.87 70 PBT70.6132.37 118 NP52.2924.74 111 Powered by Capital Market - Live News

Hitachi Energy India will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live News

Net profit of Hitachi Energy India rose 332.37% to Rs 10.42 crore in the quarter ended June 2024 as against Rs 2.41 crore during the previous quarter ended June 2023. Sales rose 28.80% to Rs 1293.33 crore in the quarter ended June 2024 as against Rs 1004.17 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1293.331004.17 29 OPM %3.703.35 - PBDT37.1125.64 45 PBT15.053.38 345 NP10.422.41 332 Powered by Capital Market - Live News

Hitachi Energy India will hold a meeting of the Board of Directors of the Company on 24 July 2024.Powered by Capital Market - Live News