iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Hitachi Energy India secures ₹790 Crore supply order

25 Jun 2024 , 01:54 PM

On Tuesday, June 25, Hitachi Energy India Ltd. announced a ₹790 Crore order from Hitachi Energy Australia Pvt. Ltd. for the Marinus Link project.

The Marinus Link voltage source converter (VSC) provides high voltage direct current (HVDC) connections between Tasmania and Victoria. The company will supply equipment for the Burnie Converter Station and Latrobe Valley Converter Station projects.

The directive is expected to be carried out over four years.

Hitachi Energy will provide the HVDC project in Australia. It will provide the HVDC Light VSC stations for the project, according to a stock exchange filing. Certain equipment will be sent directly from the company’s facility in India.

In April, it was reported that Hitachi Energy was planning to create more global competence centres in India to enhance local operations, citing rising energy consumption and a push to increase renewable energy output in the country.

We are considering Hyderabad as our GCC destination, as well as Pune. Venu Nuguri, managing director and CEO of the company’s India unit, stated that it may take six months to a year. He stated that the centre might be located in either or both locations, depending on demand, but did not provide financial information about the investment.

At around 1.47 PM, Hitachi Energy was trading 1.36% higher at ₹11,749.25 per piece, against the previous close of ₹11,605.35 on NSE. The counter touched an intraday high and low of ₹12,218.75, and ₹11,607, respectively.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Hitachi Energy India
  • Hitachi Energy India News
  • Hitachi Energy India Order
  • Hitachi Energy India Updates
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.