Page 56 - Hitachi IR 2025

MANUFACTURED CAPITAL
part of the country and dry type
transformer supply for data centers.
In February 2025, the transformer
business unit rolled out 1,000th
locomotive transformer as a part of
an order placed in 2017 to supply
1,600 units manufactured at the
Savli facility.
Power Grid Corporation of India
Ltd (POWERGRID) has awarded
the consortium of Hitachi Energy
India Limited and Bharat Heavy
Electricals Limited (BHEL) to design
and execute the high voltage direct
current (HVDC) link to transmit
renewable energy from Khavda in
Gujarat to the industrial center of
Nagpur in Maharashtra. Through
such projects, your Company is
contributing towards the energy
transition targets of the country
as it transmits bulk power from
Capex to increase capacities
The company has plans to invest
around ` 2,000 Crores over the
next few years in expanding its
capacity, portfolio, and talent
base, to drive sustainable energy
future in India. The Company
raised a capital ` 2,520.82 Crores
through a Qualified Institutional
Placement (QIP) that will be utilized
in expanding the business units,
increasing the portfolio offerings
and upgrading the operations.
These will be contingent on the
underlying trends as India marches
towards becoming the world’s
3rd largest economy.
The capacity of the traction
transformers factory is being
increased to support modernization
of the Indian railway network.
Additionally, plans are underway
to expand the network control
solutions offering, and to develop
and manufacture localized Grid
eXpand and Grid eMotion. The
capex plan encompasses significant
capacity expansion of the large
power transformers factory,
upgraded testing capabilities for
specialty transformers at the small
power transformers and relocation
of the bushings factory.
These investments are aimed
towards buoying the capacity
of the manufacturing facilities
and are aimed at developing
India’s transmission projects
further to meet its increasing
energy requirements.
Make in India – For India
and for the world
Your Company’s manufacturing
facilities are spread across four
locations in India – Bengaluru,
Vadodara, Mysuru and Chennai,
and demonstrate a sustained
commitment to “Make in India –
For India and for the World".
Anticipating the growing demand
for HVDC and power quality
solutions, we inaugurated
our advanced power systems
factory in Chennai in February
2023. This facility supports
the acceleration of the energy
transition and enables the
Company to significantly
increase its production capacity
for high-voltage direct current
(HVDC) systems and power
quality products. The facility
serves the fast-growing Indian
market, caters to large global
demand for clean energy
solutions, and serves the rising
number of HVDC projects in India
and export to support global
HVDC installations.
54 Hitachi Energy India Limited
renewable energy rich zone to
other parts of the country.
The new HVDC link will provide
sufficient energy for ~60 million
households, supporting India’s
journey in becoming the world’s
third-largest economy by ensuring
robust energy infrastructure
to meet the growing power
consumption and demand.
With strong manufacturing
capabilities, the Company takes
pride in being a catalyst in the
nation’s energy system evolution
and supporting the development
of India’s power infrastructure with
the speed and scale required to
fulfill the 2030 commitments.