Page 274 - Hitachi IR 2025

NOTES TO THE FINANCIAL STATEMENTS
e) Remaining performance obligations
The remaining performance obligation disclosure provides the aggregate amount of the transaction price
yet to be recognised as at the end of the reporting period and an explanation as to when the Company
expects to recognize these amounts in revenue.
f) The aggregate value of performance obligations that are completely or partially unsatisfied as at March 31,
2025 is `19,245.95 Crores (March 31, 2024 is ` 7,229.53 Crores). The conversion to revenue is highly
dependent on meeting the delivery schedules, contractual terms and conditions with customers, availability
of customer sites, changes/ variation in scope/ prices etc. In view of these, it is not practical to define the
accurate percentage of conversion to revenue. However, it will be in a range of 1 to 3 years.
There was no revenue recognised in the current year ended March 31, 2025 from performance obligations
satisfied (or partially satisfied) in previous periods on account of significant changes in transaction price.
39 RELATED PARTY DISCLOSURES
Party where control exists:
Hitachi Limited, Tokyo, Japan (Ultimate Holding Company)
Hitachi Energy Ltd, Zürich, Switzerland (Holding Company)
Entities under common control
Name of the Fellow subsidiaries:
Hitachi Energy Chongqing Transformer Co., Ltd.,
Chongqing, China
(Formerly known as ABB Chongqing Transformer
Company Ltd., Chongqing, China)
Hitachi Energy Engineering Technologies Safat, Kuwait
(Formerly known as ABB Engg. Technologies Co.
(KSCC), Safat, Kuwait)
Hitachi Energy Hefei Transformer Co.,Ltd., Anhui, China
(Formerly known as ABB Hefei Transformer Co. Ltd.,
Hefei, China)
Hitachi Energy High Voltage Switchgear (Xiamen)
Company Limited, China
(Formerly know as ABB High Voltage Switchgear
(Xiamen) Company Ltd., Xiamen, China)
Hitachi Energy High Voltage Switchgear Co., Ltd., Beijing,
Beijing, China
(Formerly known as ABB High Voltage Switchgear Co.,
Ltd., Beijing, Beijing, China)
Hitachi Energy Jiangsu High Voltage Apparatus Co.,Ltd.,
Jiangsu, China
(Formerly known as ABB Jiangsu Jingke Instrument
Transformer Co., Ltd., Suqian, Jiangsu, China)
Hitachi Energy Power System Co., Ltd., Beijing, China
Hitachi Energy Shanghai Power System Engineering Co.,
Ltd., Shanghai, China
(Formerly known as ABB Shanghai Power System
Engineering Co., Ltd., Shanghai, China)
Hitachi Energy Shanghai Electrical Transformer Co., Ltd,
Shanghai, China
(Formerly known as ABB Shanghai Transformer Co., Ltd.,
Shanghai, China)
Hitachi Energy Xiamen Surge Arrestor Co.,Ltd China
(ABB Xiamen Surge Arrestor Co., Ltd., Xiamen, China)
Hitachi Energy Xi'an Power Capacitor Co.,Ltd.,
Shanxi, China
(Formerly known as ABB Xi'an Power Capacitor
Company Limited, Xi'an, China)
Hitachi Energy Philippines, Inc., NCR, Philippines
(Formerly known asABB Power Grids Philippines, Inc.,
Paranaque City, Philippines)
Hitachi Energy (China) Ltd., Beijing, China
Hitachi Energy (Thailand) Limited, Bangkok, Thailand
(Formerly known as ABB Power Grids (Thailand) Limited)
Hitachi Energy Argentina S.A.U., Ciudad Autonoma de
Buenos Aires, Argentina
(Formerly known as ABB Power Grids Argentina S.A.U.)
Hitachi Energy Austria AG, Guntramsdorf, Austria
Hitachi Energy Australia Pty Ltd, Australia
(Formerly known as ABB Power Grids Australia Pty Ltd)
Hitachi Energy Belgium N.V., Zaventem, Belgium
(Formerly known as ABB Power Grids Belgium N.V.)
Hitachi Energy Brasil Ltda, Guarulhos, Brazil
(Formerly known as ABB Ltda.)
Hitachi Energy Bulgaria EOOD, Sevlievo, Bulgaria
(Formerly known as ABB Power Grids Bulgaria EOOD)
Hitachi Energy Canada Inc., Saint-Laurent,
Quebec, Canada
(Formerly known as ABB Power Grids Canada Inc)
Hitachi Energy Chile S.A., Santiago, Chile
(Formerly known as ABB Power Grids Chile SA)
Hitachi Energy Colombia Ltda, Bogotá, Colombia
(Formerly known as ABB Power Grids Colombia Ltda)
Hitachi Energy Czech Republic s.r.o., Trutnov,
Czech Republic
(Formerly known as ABB Power Grids Czech Republic s.r.o)
Hitachi Energy d.o.o., Zagreb, Croatia
(Formerly known as ABB Power Grids Zagreb d.o.o.)
272 Hitachi Energy India Limited