Page 278 - Hitachi IR 2025

NOTES TO THE FINANCIAL STATEMENTS
All amount in Indian Rupees in Crores, except as stated otherwise
For the year ended
March 31, 2025
For the year ended
March 31, 2024
Fellow Subsidiaries
- Hitachi Energy Holdings Ltd, Zurich, Switzerland
(Formerly known as ABB PG Power Grids Ltd)
118.80 74.72
- Hitachi Energy Technology Services Private Limited, Bangalore, India
(Formerly known as ABB Power Technology Services Private Limited)
81.57 56.98
- Other fellow subsidiaries 29.99 44.38
315.99 239.70
vi) Expenses recovered from group companies
Holding Company
- Hitachi Energy Ltd, Zürich, Switzerland 22.90 10.77
Fellow Subsidiaries
- Hitachi Energy Sweden AB, Västerås, Sweden
(Formerly known as ABB Power Grids Sweden AB)
44.39 2.16
- Hitachi Energy Holdings Ltd, Zurich, Switzerland
(Formerly known as ABB PG Power Grids Ltd)
- 6.98
- Hitachi Energy Switzerland Ltd, Baden, Switzerland
(Formerly known as ABB Power Grids Switzerland Ltd)
- 5.90
- ABB India Limited; Bangalore; India*1
- 3.03
- Other fellow subsidiaries 4.01 4.93
71.30 33.77
vii) Other capital expenditure
Holding Company
- Hitachi Energy Ltd, Zürich, Switzerland - 0.05
Fellow Subsidiaries
- Hitachi Energy South Africa (Pty) Ltd, Johannesburg, South Africa - 4.91
- Other fellow subsidiaries - 0.22
- 5.18
viii) Dividend paid
Holding Company
- Hitachi Energy Ltd, Zürich, Switzerland 12.71 10.81
ix) Remuneration to key managerial personnel
The remuneration of key management personnel and a relative of key
management personnel of the company are set out below in aggregate
for each of the categories specified in Ind AS 24 Related party disclosures
Short term employee benefits 15.70 10.74
Post employment benefits# 0.52 0.45
Directors' Sitting fees 0.26 0.24
Commission to Directors 1.16 1.16
Total 17.64 12.59
# Does not include gratuity and compensated absences as these are provided in the books of accounts on the basis of actuarial
valuation for the Company as a whole and hence individual amount cannot be determined.
276 Hitachi Energy India Limited