Hitachi Energy bags Rs160 crore from MP Power Transmission

21 Apr 2022 , 01:13 PM

Hitachi Energy India Ltd. has won an order worth about Rs160 crore from MP Power Transmission Package-II Limited. The order was booked in the January to March quarter.

It is a project-specific business to strengthen the transmission system in the rural area of Madhya Pradesh to increase capacity and improve the reliability of the power infrastructure in the region.

The order for nine grid connections will strengthen a power transmission network spreading over 1,000 kilometres of overhead lines across nine rural districts of Madhya Pradesh.

The state has increased its pace to reach a target of 12 GW of renewable energy generation capacity by 2025 – through utility-scale solar, wind, and hybrid installations as well as rooftop solar.

As more people connect to the grid, electricity will become the support of the entire energy system, fuelled by a higher share of renewable energy” said N Venu, Managing Director and CEO, Hitachi Energy India Ltd.”

He further added, “With the help of these projects, we are delighted to be regarded as a trusted partner of choice to advance a sustainable energy transition. At Hitachi Energy, we are dedicated to the accelerated electrification, digitalization, and decarbonization of the world’s energy systems,.

Hitachi Energy is currently trading at Rs3,309 up by Rs4.70 or 0.14% from its previous closing of Rs2,034.55 on the BSE.