Page 165 - Hitachi IR 2025

mega event- Energy and Digital World 75 (EDW75)
in New Delhi. The Company also participated in
several industry-level events by CII, Solar Congress,
IEEMA, and others.
Discussion on financial performance with respect to
operational performance
Operational performance
The Company remained focused on improving its
operational efficiencies, which helped achieve a
sustainable inflow of orders and pushed the order
backlog to a high of ` 19,245.90 Crores at close
of FY 2024-25, providing revenue visibility for
several quarters.
It works towards maximizing efficiencies in
converting the significant order backlog to revenue,
while in the short-term staying agile regarding the
evolving situation on trade routes. Nevertheless,
such execution, when coupled with operational
excellence across manufacturing and functional
processes, will result in value accretion. This was
achieved by the Company through various efforts
that included setting a standard operational
process through Leading Operating Model (LOM)
deployment, and process visibility and transparency
through digital project reviews.
It also achieved efficiencies by removing waste
through Quality On Time (QOT) (Kaizen) culture.
Lean 6-Sigma culture development was reinforced
through capability building and employee
engagement, which also helped drive customer
focus. Enhanced customer value was driven by
a deep understanding of customer expectations
and management of perceptions with proactive
feedback from tender to execution. Additionally,
customer value was delivered while optimizing costs
through design optimization, DtV (Design to Value)
and excellence in supply chain management (SCM).
The Company adheres to a
principle of collaboration and
co‑creation with those most
familiar with the challenges.
It works closely with its
customers and partners to
foster a sustainable energy
future for the present and
future generations.
Key developments, FY 2024-25
• Hitachi Energy India Limited bagged its largest
single order in FY2024-25. Renewables
led the charge – from studies across utilities
and industries to large scale grid integration
projects, along with several power quality
projects. Secured an order for ±800 kV, 6,000
MW Line Capacity Bi-pole and bi‑directional,
Khavda-Nagpur HVDC link.
• Share of exports for FY 2024-25 was 37.10%
of the total orders booked for the period
excluding the HVDC order. Diverse geographies
and industries help sustain the exports
momentum during the year.
• Orders for transformers, power quality
technologies and other key products were
booked from markets like Europe, the Middle
East, Australia and neighboring countries in
South Asia.
• Expansion, upgrades and improved efficiency
also resulted in orders from existing power
plants. It received orders from distribution
utilities, for the upgrade of digital solutions to
provide better real‑time visibility and network
management. These expansion projects
were across transformers and interrupters
facilities. The expansion project at Mysuru is
currently operational.
• Service orders included GIS upgrades, Annual
Maintenance Contracts and replacement
equipment as well as overhaul of key
transformer components.
• The transformer business unit at Savli rolled
out 1,000th locomotive transformers as part of an
order placed in 2017 to supply 1,600 units.
Segment-wise and product-wise performance
Below are some of the key orders received sector‑wise:
• Renewables: 400 kV AIS substation order in
Siyambar, Rajasthan
• Thermal: 18X400 kV GIS order from traditional power
plants, Odisha
•
 Industries: 7x220 kV Substation for captive renewable
generation by cement major
•
 Metro rail: Multiple Transformer orders for deploying
in Bangalore Metro
•
 Rail: ICF67 MEMU – 120 units of Traction Transformers
•
 Data centers: 2x90 MVA 220/33kV Transformer
for facility in Hyderabad; 51 x 2000 kVA, 33 kV dry
type transformers
•
Steady momentum of renewable energy projects
• 400 kV, 375MW substation in Jaisalmer, Rajasthan
• 500 MW Solar integration s/s in Fatehgarh, Bhimsar
•
600 MW s/s for NHPC in Baiya, Rajasthan
•
300 Mvar Statcom at Anantapur
Integrated Annual Report 2024-25
163