Page 280 - Hitachi IR 2025

NOTES TO THE FINANCIAL STATEMENTS
All amount in Indian Rupees in Crores, except as stated otherwise
As at
March 31, 2025
As at
March 31, 2024
Fellow Subsidiaries
- Hitachi Energy Sweden AB, Västerås, Sweden
(Formerly known as ABB Power Grids Sweden AB)
187.28 142.01
- Hitachi Energy Brasil Ltda, Guarulhos, Brazil
(Formerly known as ABB Ltda.)
4.83 95.26
- Hitachi Energy Technology Services Private Limited, Bangalore, India
(Formerly known as ABB Power Technology Services Private Limited)
43.63 41.73
- Hitachi Energy Holdings Ltd, Zurich, Switzerland
(Formerly known as ABB PG Power Grids Ltd)
39.80 9.39
- Other fellow subsidiaries 61.56 77.68
Fellow Associates
- Linxon India Private Limited - 0.10
436.52 514.41
v) Other financial liabilities
Holding Company
- Hitachi Energy Ltd, Zürich, Switzerland - 0.58
Fellow Subsidiaries
-Hitachi Energy Turkey Elektrik Sanayi Anonim Şirketi, İstanbul, Turkey
(Formerly known as ABB Power Grids Turkey Elektrik Sanayi Anonim
Şirketi)
0.77 -
-Hitachi Energy Italy S.p.A., Milano, Italy
(Formerly known as ABB Power Grids Italy S.p.A.)
- 0.13
-Hitachi Energy High Voltage Switchgear (Xiamen) Company Limited,
China
Xiamen, china)
(Formerly know as ABB High Voltage Switchgear (Xiamen) Company Ltd.,
- 0.13
- Other fellow subsidiaries 0.08 0.06
Key managerial personnel
- Commission to Directors 1.16 1.16
2.01 2.06
vi) Other current liabilities
Holding Company
- Hitachi Energy Ltd, Zürich, Switzerland 9.79 9.79
Fellow Subsidiaries
- Hitachi Energy South Africa (Pty) Ltd, Johannesburg, South Africa
(Formerly known as ABB Power Grids South Africa (Pty) Ltd)
1.48 14.44
- Hitachi Energy Sweden AB, Västerås, Sweden
(Formerly known as ABB Power Grids Sweden AB)
78.63 50.40
-Hitachi Energy Australia Pty Ltd, Brisbane, Australia 59.41 -
-Hitachi Energy Spain, S.A.U., Madrid, Spain 24.11 3.16
- Other fellow subsidiaries 30.81 13.66
Fellow Associates
- Linxon India Private Limited 7.85 0.24
212.08 91.69
1 Pursuant to demerger of Power Grid business from ABB India Limited ('ABB'), as detailed in note 16(g), the Company has
accounted sales and purchases towards the contracts yet to be novated by the Company with customers and vendors. The
aforesaid sales and purchases has been included in the revenue from operations and cost of sales of the Company. The
receivables and payables on account of the same has been included in trade receivables and payables respectively.
* During the year ended March 31, 2024, ABB Asea Brown Boveri Ltd, ABB Switzerland Ltd, and ABB Ltd have been
reclassified from ‘Promoter/Promoter Group’ to ‘Public Category’ in the shareholding of the Company with effect from October
6, 2023 basis the necessary approvals from the National Stock Exchange of India Limited and BSE Limited (collectively referred
to as the “Stock Exchanges”) vide their respective letters dated October 6, 2023. Accordingly, ABB Asea Brown Boveri Ltd,
ABB Switzerland Ltd, ABB Ltd and their group companies ceased to be related party w.e.f October 6, 2023.
278 Hitachi Energy India Limited