Page 16 - Hitachi IR 2025

MESSAGE FROM CHAIRMAN AND MD & CEO
substantial expansion in India’s
power generation, transmission and
distribution capacity. The objective
of the National Electricity Plan to
increase the transmission capacity
by 35% by 2032, is ambitious,
yet crucial to support the nation’s
target to provide sustainable and
equitable power distribution across
the country.
You may be aware that India’s
renewable energy installed capacity
stands at 220.10 GW as of March
2025, which reflects an impressive
15.50% growth over 190.60 GW
capacity in March 2024. Further,
India has set an ambitious target
of achieving 500 GW of non‑fossil
by 2030. The realization of this
goal necessitates renewable
capacity additions of about
~50 GW annually, which entails
strengthening of grid infrastructure,
development of localized supply
chains and augmentation of
generation capacity.
Several dynamic factors such as
the urgency to accelerate energy
transition, an evolving workforce,
a systematic shift towards
adoption of digitalization solutions
organization-wide, and an aging
installed base have generated
enormous growth opportunities.
The rising power demand is further
set to create significant investment
opportunities in the energy sector,
particularly in areas such as
renewables, HVDC, data centers
and electric transportation.
FY 2024-25 was a landmark
year for India’s power sector,
with significant progress in
energy generation, transmission,
and distribution. The sector
demonstrated strong resilience and
commitment to sustainable growth
by successfully meeting the 250
GW record power demand and
reducing energy shortage at the
national level to a mere 0.10%.
India is firmly advancing on its
path to become a “global energy
leader” driven by multiple initiatives
such as universal electrification,
improvement in rural power
availability, and the adoption of
cutting-edge technologies.
In addition to transmission
infrastructure, India’s increasing
emphasis on key emerging
sectors such as energy storage
and green hydrogen is adding
increased momentum to market
growth. With strategic investments
in clean energy, transformative
infrastructure and digital innovation,
India is well-positioned to meet
its energy targets and achieve a
sustainable energy future for all.
With India’s data center capacity
growing, alongside an expanding
market size, which is projected
to grow from USD 4.5 billion
(` 0.38 Lakh Crores) in 2023
to USD 11.6 billion*(` 0.85
Lakh Crores) by 2032 (10.98%
CAGR), our offerings including
substations, GIS, automation
and transformers, are aligned to
meet the growing demand for
reliable power connection and
eco‑efficient solutions.
In the transport sector for instance,
India’s railway modernization
remains a key national priority. As
a strategic partner to the Indian
Railways, our solutions are targeted
at electrifying old lines besides
supporting massive expansion and
modernization to enable high-
speed trains. Currently, nearly 80%
of India’s metro rails use our energy
solutions, while our transformers
power one-third of the locomotives
deployed by Indian Railways.
Leveraging the technological edge
We are committed to operating
responsibly, deliver excellence in
execution, and pursue new frontiers
for sustainable, yet profitable
growth in the future. As one of
the key suppliers of high-voltage
direct current (HVDC) technology
in India, we also deliver charging
solutions for electric mobility, and
grid transmission solutions for
renewable energy projects. HVDC
Note: The USD exchange rate as on March 28, 2025 is ` 85.47.
*Source: India's Economic Survey 2024-25
14 Hitachi Energy India Limited
transmission is critical to integrating
remote renewable energy sources
into the national power grid, thereby
supporting the rapidly growing
demand for power and ensuring
the delivery of uninterrupted,
reliable and quality electricity across
the country.
Targeting sustainable growth
During FY 2024-25, we
secured total orders valued at
` 18,173.80 Crores despite
facing geopolitical uncertainties,
and challenges in global supply
chains and international trade, as
compared with ` 5,536.30 Crores
worth of orders secured in the
previous year. This positive
performance reflects our deep
market connect and our robust
presence in high-growth segments
such as renewable energy,
transmission, data centers,
e-mobility, railways and battery
storage provides us with a distinct
competitive advantage, our strategic
focus on localization, expansion
and talent development. Whereas
our focused approach on order
execution, improved margins and
increased operational efficiency
demonstrates our commitment
to achieving scalable and
sustainable growth.
Integrating the portfolio
As part of our commitment to
enhancing customer experience
through a strengthened and future-
focused global service framework,
the Company endeavors to
introduce Services as its 5th business
unit effective from the financial
year 2025‑26. This is a significant
milestone towards developing
our service and digital proficiency
and unifying the customer service
experience. We aim to leverage our
strong foundation by tapping into
our extensive installed base with a
comprehensive portfolio of services
ranging from digitized classic
services, advanced services and
servitized solutions. Our existing
business units will play a pivotal role
in extending our reach and enabling