Hitachi Energy announces ₹2,000 Crore capacity expansion

7 Oct 2024 , 01:56 PM

On Monday, October 7, Hitachi Energy India Ltd announced a ₹2,000 Crore investment over the next four to five years to expand capacity, portfolio, and increase talent in India.

The announcement commemorates Hitachi Energy’s 75th anniversary in India.

Hitachi Energy will mark this milestone with a two-day immersive technology symposium, Energy & Digital World 75, on October 7-8 in New Delhi.

The event will bring together around 2,000 people, including policymakers, diplomats, industry professionals, and thought leaders, to examine India’s progress towards meeting its net-zero goal, according to a stock exchange filing.

Hitachi Energy India Ltd shares rose over 3.6% to an intraday high of ₹14,517.35 a share on the BSE, after opening marginally higher at ₹14,018.00.

Hitachi Energy stated that their investment strategy focuses on increasing manufacturing capacity, particularly at the major power transformer facility, improving testing capabilities, and relocating the bushings factory.

The project also includes upgrading the traction transformers facility to help modernise India’s railway network. These efforts will improve the country’s energy infrastructure and address rising electricity demand.

Hitachi Energy will present various cutting-edge technologies at Energy & Digital World 75, including the world’s first SF6-free 420-kilovolt gas-insulated switchgear from the EconiQ range.

This switchgear dramatically lowers greenhouse gas emissions by eliminating sulphur hexafluoride (SF6), a powerful greenhouse gas.

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