Hitachi Energy celebrates 75 years in India, announces investment of ₹2,000 crore for capacity expansion

Hitachi Energy India Ltd on Monday (October 7) announced that it will invest ₹2,000 crore over the next four to five years to address its capacity expansion, portfolio expansion and talent base enhancement initiatives in India.

This announcement was made to mark 75 years of Hitachi Energy’s presence in India.

To commemorate this milestone, Hitachi Energy is organizing a two-day experiential technology symposium, Energy & Digital World 75, on October 7-8 in New Delhi.

The event will bring together over 2,000 participants, including policymakers, diplomats, industry experts and thought leaders, who will discuss India’s journey towards achieving its net zero emissions ambition, it said the company in a stock market filing.

Opening slightly higher at ₹14,018.00. Shares of Hitachi Energy India Ltd gained over 3.6 per cent to hit an intraday high of ₹14,517.35 a piece on the BSE.

Hitachi Energy said its investment plan focuses on expanding manufacturing capacity, especially in the large power transformer factory, improving testing capabilities and relocating the power transformer factory. crossings.

The expansion also includes upgrading the traction transformer plant to support the modernization of India’s railway network. These initiatives will strengthen the country’s energy infrastructure, thereby meeting the growing demand for electricity.

“As the energy transition accelerates with increased electrification and the integration of renewable energy, electricity networks are becoming increasingly crucial in terms of capacity and complexity. Our investments are aligned with Hitachi Energy’s 2030 strategic growth plan, focusing on expanding capacity, talent and digitalization to support India’s energy goals,” said Andreas Schierenbeck, CEO global Hitachi Energy company.

At Energy & Digital World 75, Hitachi Energy will showcase several cutting-edge solutions, including the first SF6-free 420 kilovolt gas-insulated switchgear in its EconiQ range.

This equipment significantly reduces greenhouse gas emissions by eliminating sulfur hexafluoride (SF6), a powerful greenhouse gas.

Additionally, the company will unveil its Grid-eMotio portfolio, which can potentially transform India’s electric vehicle charging ecosystem, particularly for public transport and commercial fleets.

The event will also include the introduction of Grid-enSure, a range aimed at improving grid flexibility, resilience and stability, as well as REF650, a medium voltage protection and control relay that will strengthen Hitachi Energy’s presence in the energy distribution market. .

Shares of Hitachi Energy were trading 1.56 per cent higher at ₹14,223 on the BSE around 10:02 am.

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