Hitachi Energy India Ltd

Rajasthan Part I Power Transmission, a subsidiary of Adani Energy Solutions (AESL), has awarded a major contract to a consortium comprising Hitachi Energy India and Bharat Heavy Electricals (BHEL). The contract will see the consortium design and deliver high-voltage direct current (HVDC) terminals to transmit renewable energy from the Bhadla area of Rajasthan to the industrial and transport hub in Fatehpur, Uttar Pradesh. The 6,000 megawatt (MW), 950 km HVDC link can power approximately 60 million households in India. The 6,000 MW, '800 kilovolt (kV) bi-pole and bi-directional HVDC terminals are part of the transmission system to transfer power from the potential renewable energy zone in the Bhadla area of Rajasthan under Phase-III Part I, which was awarded to AESL based on tariff-based competitive bidding. This HVDC link crosses 950 km and feeds into the country's 500 GW renewable evacuation and interstate transmission system. A strong HVDC system is essential in ensuring bi-directional power flow control and grid stability to meet India's rapid pace of renewable energy integration. Powered by Capital Market - Live

Crisil Ratings said that it has taken note of the Rs 2,520.82 crore equity raised by Hitachi Energy India through qualified institutional placement (QIP), which concluded on 13 March 2025. The raised funds will be utilised mainly towards capital expenditure (capex) of Rs 2,000 crore announced by the company in October 2024 for expanding its capacity and product portfolio across the large and small power transformers, dry and traction, high-voltage direct current (HVDC) and components and network control solutions offering; this is expected to be taken over the next 4-5 years. Of the QIP proceeds, the funds utilized for capex would be Rs 1513.28 crore, Rs 350 crore will be utilised towards working capital requirement and the remaining for general corporate purposes. The funds raised will further strengthen the already robust financial risk profile of the company with high networth, low debt levels and strong debt protection metrics. The rating continues to reflect healthy business risk profile of the company, driven by its strong market position in the power grid segment, diversity in product portfolio and geographical reach and strong clientele. The rating additionally factors in strong support from the ultimate parent Hitachi Ltd that holds nearly 100% stake in Hitachi Energy (effective December 2022), which in turn is the holding company of Hitachi Energy India Limited. Operating income stood at Rs 4,501 crore for the nine months ended December 31, 2024 (on-year growth of 27%) with operating margin at 7.95% (compared to 4.7% in the similar period last fiscal). The margin improved on account of healthy order inflow, better operating leverage and higher input price pass-through abilities. Crisil Ratings expects the margin to further increase in the near to medium term, basis better operating efficiency. The company has also maintained strong business risk profile, driven by its established market position and highest-ever order book of Rs 18,994 crore as on 31 December 2024 (September 2024: Rs 8,539 crore). Liquidity is strong, marked by unencumbered cash equivalent of approximately Rs 900 crore as on 31 December 2024, and access to fund-based bank limit of Rs 952 crore that remains unutilized as on 31 December 2024. These strengths are partially offset by susceptibility to capital investment cycles and project implementation risk arising from structural issues in the power sector and intense competition in the capital goods industry. Hitachi Energy India Limited provides product, system, software, and service solutions across the power value chain. The portfolio includes an extensive range of high-voltage products, transformers, grid automation products and power quality products and systems. The scrip rose 0.54% to currently trade at Rs 12186.40 on the BSE. Powered by Capital Market - Live

Hitachi Energy India has received affirmation in long term credit rating for its bank facilities of Rs 6,000 crore at CRISIL AAA/ Stable. Powered by Capital Market - Live

Castrol India Ltd, Gensol Engineering Ltd, Krishna Institute of Medical Sciences Ltd and AAVAS Financiers Ltd are among the other losers in the BSE's 'A' group today, 18 March 2025.Hitachi Energy India Ltd lost 5.56% to Rs 11959.95 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 11644 shares were traded on the counter so far as against the average daily volumes of 7365 shares in the past one month.Castrol India Ltd tumbled 5.00% to Rs 224.3. The stock was the second biggest loser in 'A' group.On the BSE, 4.68 lakh shares were traded on the counter so far as against the average daily volumes of 4.47 lakh shares in the past one month.Gensol Engineering Ltd crashed 4.99% to Rs 236.25. The stock was the third biggest loser in 'A' group.On the BSE, 2.65 lakh shares were traded on the counter so far as against the average daily volumes of 94835 shares in the past one month.Krishna Institute of Medical Sciences Ltd fell 2.69% to Rs 579.55. The stock was the fourth biggest loser in 'A' group.On the BSE, 31878 shares were traded on the counter so far as against the average daily volumes of 29060 shares in the past one month.AAVAS Financiers Ltd plummeted 2.35% to Rs 1868.05. The stock was the fifth biggest loser in 'A' group.On the BSE, 20727 shares were traded on the counter so far as against the average daily volumes of 18135 shares in the past one month.Powered by Capital Market - Live

The company's board authorized and declared the opening of the issue on Monday, 10 March 2025. The floor price of Rs 12,112.50 is at a discount of 4.74% to the scrip's previous closing price of Rs 12,715.35 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book-running lead manager appointed for the issue. Hitachi Energy India provides product, system, software, and service solutions across the entire power value chain. The portfolio includes an extensive range of high-voltage products, transformers, grid automation products, and power quality products and systems. The company's standalone net profit stood at Rs 137.28 crore in Q3 FY25, steeply higher than Rs 22.97 crore in Q3 FY24. Revenue from operations jumped 27.16% to Rs 1,620.27 crore in Q3 FY25 as compared with Rs 1,274.20 in Q3 FY24. Shares of Hitachi Energy India declined 2.74% to Rs 12,366.50 on the BSE.Powered by Capital Market - Live

Hitachi Energy India Ltd is up for a third straight session today. The stock is quoting at Rs 13010, up 6.75% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73869.34, up 1.2%. Hitachi Energy India Ltd has gained around 5.91% in last one month. Meanwhile, Nifty Energy index of which Hitachi Energy India Ltd is a constituent, has gained around 5.96% in last one month and is currently quoting at 30239.15, up 2.81% on the day. The volume in the stock stood at 1.25 lakh shares today, compared to the daily average of 1.1 lakh shares in last one month.The PE of the stock is 164.73 based on TTM earnings ending December 24.Powered by Capital Market - Live

Hitachi Energy India Ltd is up for a fifth straight session today. The stock is quoting at Rs 11693.7, up 0.74% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 22567.65. The Sensex is at 74631.74, up 0.24%. Hitachi Energy India Ltd has gained around 6.97% in last one month. Meanwhile, Nifty Energy index of which Hitachi Energy India Ltd is a constituent, has gained around 4.29% in last one month and is currently quoting at 31240.8, down 0.68% on the day. The volume in the stock stood at 68564 shares today, compared to the daily average of 1.95 lakh shares in last one month.The PE of the stock is 156.94 based on TTM earnings ending December 24.Powered by Capital Market - Live

Hitachi Energy India Ltd is up for a third straight session today. The stock is quoting at Rs 11439.3, up 1.25% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.43% on the day, quoting at 22814. The Sensex is at 75373.53, down 0.48%. Hitachi Energy India Ltd has slipped around 5.54% in last one month. Meanwhile, Nifty Energy index of which Hitachi Energy India Ltd is a constituent, has slipped around 6.15% in last one month and is currently quoting at 31769.65, down 0.13% on the day. The volume in the stock stood at 74580 shares today, compared to the daily average of 1.81 lakh shares in last one month.The PE of the stock is 152.68 based on TTM earnings ending December 24.Powered by Capital Market - Live

Hitachi Energy India Ltd lost 6.46% today to trade at Rs 11425.95. The BSE Capital Goods index is down 2.75% to quote at 60862.6. The index is down 10.77 % over last one month. Among the other constituents of the index, Rail Vikas Nigam Ltd decreased 5.14% and ABB India Ltd lost 4.25% on the day. The BSE Capital Goods index went up 8.54 % over last one year compared to the 6.59% surge in benchmark SENSEX. Hitachi Energy India Ltd has lost 24.45% over last one month compared to 10.77% fall in BSE Capital Goods index and 3.01% drop in the SENSEX. On the BSE, 1155 shares were traded in the counter so far compared with average daily volumes of 5546 shares in the past one month. The stock hit a record high of Rs 16534.5 on 11 Oct 2024. The stock hit a 52-week low of Rs 5678.1 on 02 Feb 2024.Powered by Capital Market - Live

Hitachi Energy India Ltd is up for a third straight session today. The stock is quoting at Rs 12553, up 2.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.94% on the day, quoting at 23468.7. The Sensex is at 77348.06, up 0.77%. Hitachi Energy India Ltd has slipped around 18.64% in last one month. Meanwhile, Nifty Energy index of which Hitachi Energy India Ltd is a constituent, has slipped around 4.73% in last one month and is currently quoting at 33026.05, up 2.21% on the day. The volume in the stock stood at 4.83 lakh shares today, compared to the daily average of 1.11 lakh shares in last one month.The PE of the stock is 164.23 based on TTM earnings ending December 24.Powered by Capital Market - Live