Page 213 - Hitachi IR 2025

Technology absorption during FY 2024-25 Benefits derived as a result of the technology absorption
- FOX615, a multi-service multiplexer enabling the extension of
existing communication infrastructure, as well as the smooth
migration to future technology.
- SDM600 collecting and collating fault records data from protection
relays for analysis, reporting, centralized security logging and central
account management.
- REF650 and PS640 distribution relays delivering advanced
protection and control for power distribution applications.
3. The expenditure incurred on Research and Development:
Considering the nature of research and development, complexity, competency required, time frame, amount and
also to optimize overall cost, all major R&D efforts are pooled centrally at the Group level. The expenditure had
been mainly in the nature of payment of license fee for use of technology know-how reported as royalty and
technology fees under other expenses. Certain development activities carried out by the Company have been
billed to the Group central technology center. Local R&D activities undertaken by the Company were mainly
in localizing the products, adoption of global products to local environment, carrying out cost saving actions
and other improvements. During the year under review, the Company has paid ` 254.49 Crores as royalty and
technology fees to Hitachi Energy Ltd., Switzerland (CHAMH).
C. FOREIGN EXCHANGE EARNINGS AND OUTGO:
Total foreign exchange used and earned.
(Amount in `Crores)
Particulars
2024-25
(April 01, 2024 to
March 31, 2025)
2023-24
(April 01, 2023 to
March 31, 2024)
Foreign Exchange earned 1,725.94 1,282.95
Foreign Exchange used 2,001.85 1,563.71
On behalf of Board of Directors
For Hitachi Energy India Limited
Place: Bengaluru Chairman
Date: May 14, 2025 Achim Michael Braun
DIN: 08596097
Integrated Annual Report 2024-25
211