Page 204 - Hitachi IR 2025

BOARD’S REPORT
Name(s) of the
related party
and nature of the
relationship
Nature of contracts/
arrangements/
transactions
Duration of
the contracts/
arrangements/
transactions
Salient terms of the contracts
or arrangements or transactions
including the value, if any.
Date(s) of
approval
by the
Board, if
any
Amount
(in `
Crores)
(a) (b) (c) (d) (e) (f)
Hitachi Energy
Ltd., Switzerland
(“HE Switzerland”)
Sale or purchase
of product(s),
component(s), system(s)
and / or rendering
or receipt of services
(Global operations fees,
charge back of R&D
services) under multiple
orders, for an aggregate
value of up to `1,200
Crores entered into/ to
be entered during the
financial year 2024-25
(i.e., April 01, 2024 to
March 31, 2025).
Financial Year
2024-25 (i.e.,
April 01, 2024
to March 31,
2025)
Terms and conditions vary based
on various order(s)/ contract(s)/
agreement(s)
• Delivery of Materials –
generally FCA/ FOB/ DAP/
CPT/ Ex-Works
• Payment terms – generally
30-120 days
•
Indirect Taxes as applicable
• Currency – primarily Swedish
Krona (SEK)/ Swiss Franc
(CHF)/ United States Dollar
(USD)
• Such other conditions
customary to the context of the
contract(s) / agreement(s)/
Purchase Orders
May 21,
2024
Up to
`1,200
Crores
In addition, the Company has entered into following related party transactions which were at arm’s length but
not in the ordinary course of business:
Name(s) of the
related party
and nature of
the relationship
Nature of
contracts/
arrangements/
transactions
Duration of the
contracts/
arrangements/
transactions
(in months)
Salient terms of the contracts
or arrangements or transactions
including the value, if any.
Date(s) of
approval
by the
Board, if
any
Amount
(in
`Crores)
(a) (b) (c) (d) (e) (f)
Hitachi Energy
Holdings Ltd.
[formerly known
as ABB PG
Power Grids Ltd.
(CHPPG)]
Availing IT Service
Agreement
12 Extension of Local Service
Agreement for availing certain IT
related services
May 21,
2024
Up to
`61.14
Crores
Hitachi Energy
T e c h n o l o g y
Services Private
Limited (INAPT)
IS cost allocation 12 Allocating Global Technology
and Innovation Center (Indian
Operation Center - INOPC)
business unit related IS Cost
May 21,
2024
Up to
`1.90
Crores
By order of the Board
For Hitachi Energy India Limited
Place: Bengaluru Chairman
Date: May 14, 2025 Achim Michael Braun
DIN: 08596097
202 Hitachi Energy India Limited