Hitachi Energy India

June 12 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• HITACHI ENERGY INDIA - HITACHI ENERGY'S MAJOR MANUFACTURING EXPANSION

• HITACHI ENERGY INDIA - INVESTMENT OF ABOUT 20 BILLION RUPEES

• HITACHI ENERGY INDIA - INVESTMENT TO ESTABLISH NEW LARGE POWER TRANSFORMER FACTORY IN VADODARA

Source text: ID:nnAZN4T1YQS

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By Abhinav Parmar

May 28 (Reuters) - Hitachi Energy India HITN.NS plans to tap into 30% of the overall spending in the country's data centre industry, from a previous aim of 10-15%, by offering a broad "grid-to-rack" power solution, Managing Director and CEO Venu Nuguri told Reuters.

India's data centre market, valued at $5.55 billion in 2025, is projected to reach $13.11 billion by 2034, driven by digital transformation, cloud adoption and escalating AI workloads, according to consulting firm IMARC Group.

Hitachi Energy India, a unit of Zurich-based Hitachi Energy, makes and supplies power equipment and grid technology for several industries, including data centers. It controls about half of India's high-voltage direct current (HVDC) market, manufacturing equipment that transmits bulk electricity over long distances.

The firm had earlier pegged 10%–15% of total data centre spending in the country as its addressable market through both equipment and software offerings.

Its "grid-to-rack" solution, according to Nuguri, integrates power infrastructure for energy-hungry data centres from the grid-level connection to server rack-level distribution.

The solution would add another 10%–15% of power infrastructure spending, out of the overall data centre segment, to the company's addressable market, Nuguri said.

This week, Hitachi Energy India announced a 20-billion-rupee ($210.53 million) investment in a greenfield, large power transformer facility in the western Indian state of Gujarat, taking its cumulative capex to 40 billion rupees across 19 factories in eight manufacturing locations.

The company closed 2026 with a record order backlog of 296 billion rupees.

The firm is also "actively looking into" acquisitions in data centres, digital layers, and power consulting, among others, to fill capability gaps, Nuguri said.

India's peak power demand hit a record 270.8 gigawatts in May, up 68% from 148 GW in 2014, according to the Ministry of Power. Demand is projected to nearly double to 458 GW by 2032, data showed, a structural tailwind that Nuguri said the company counts among its key growth drivers.

($1 = 95.0000 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru; Editing by Janane Venkatraman)

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** Hitachi Energy India HITN.NS shares rise as much as 3.4% to a record high of 37,220 rupees in the session

** Q4 profit rises about 80% YOY; total revenue from operations jump 46.2%

** HITN holds trailing 12-months PE of 191 vs industry median of 25.7; YTD, stock up 101%

GROWTH MOMENTUM IMPRESSES, VALUATIONS TEMPER OPTIMISM

** Jefferies ("buy", PT: 43,145 rupees) says industry demand trends remain robust and large power transmission projects should be margin accretive and contribute ahead

** ICICI Securities ("add," PT: 37,800 rupees) says a step-jump in new transmission capex has led to a bulging orderbook

** "we believe current valuations cap return expectations," - ICICI

** Emkay Global ("reduce," PT: 28,700 rupees) says after a strong Q4 and FY26 performance and upbeat outlook, estimates for FY27 and FY28 earnings were raised, but the stock's high valuation limits further upside

** Prabhudas Lilladher Capital ("reduce," PT: 30,768 rupees) says order pipeline remains robust across transmission, renewables, exports and data centers, however downgrades rating given sharp rally in stock

(Reporting by Abhinav Parmar in Bengaluru)

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** High voltage (HV) power equipment makers Hitachi Energy India HITN.NS and GE Vernova GETD.NS rise 2% and 4% respectively, while Siemens Energy SIEE.NS drops 0.7%

** J.P.Morgan initiates coverage with "overweight" on HITN, GETD and "neutral" on SIEE

** Projects 12% upside for HITN, 15.4% for GETD by March 2027, 3.8% downside for SIEE

** Says HV power equipment makers in "decadal upcycle" driven by India's 470 GW solar, wind capacity addition plan

** Notes high voltage direct current (HVDC) adoption, rising order books as sector positives

** Brokerages says preference framework within sector is based on revenue visibility, localisation plus HVDC capability, margin improvement visibility

** YTD, HITN up 44.6%, GETD gains 24.3%, SIEE rises 5.1%

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Hitachi Energy India HITN.NS jump 12% to 21,493 rupees

** Heavy electrical equipment maker's Q3 profit jumps 90.3% Y/Y to 2.61 billion rupees ($28.9 million); total revenue rose 28.5% Y/Y

** Order backlog at 298.72 billion rupees

** Brokerage Jefferies says EBITDA beat by 43%, driven by 420 bps higher-than-expected EBITDA margins at 16.6%

** Emkay upgrades to 'ADD' from 'Sell', raises PT by ~20% to 20,825 rupees from 17,400 rupees

** Opportunity pipeline remains robust, supported by HITN's

diversified product portfolio catering to multiple end-markets - Emkay note

** Trading vols nearly 2x the 30-day average

** HITN rose 27.1% in 2025

($1 = 90.1875 Indian rupees)

(Reporting by Vijay Malkar)

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Aug 8 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• HITACHI ENERGY INDIA - GOT TAX ORDER FOR DEMAND OF 178.8 MILLION RUPEES

Source text: ID:nnAZN4C42ZI

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** Shares of Hitachi Energy India HITN.NS fall 4.8% to 19,815 rupees, mark steepest intraday pct loss since June 6

** Electrical equipment manufacturer posts a 28% Q/Q decline in June-qtr profit to 1.32 billion rupees ($15.07 million)

** Revenue from operations drops 21.4% Q/Q

** HITN rated "hold" by 9 analysts on average; median target price is 16,870 rupees – data compiled by LSEG

** Stock up 37.6% YTD

($1 = 87.5980 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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** Shares of Hitachi Energy India HITN.NS rise as much as 3.9% to 20,221 rupees

** Stock previous record high at 20,298 rupees

** Electrical equipment manufacturer receives work order from Power Grid Corporation of India PGRD.NS to supply 30 units of 765 kilovolt (kV), 500 megavolt-ampere single-phase transformers

** HITN did not disclose order amount

** Stock up 39% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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** Shares of Hitachi Energy India HITN.NS rise 5.6% to 12,709.95 rupees

** Co raises 25.21 bln rupees ($290.3 mln) through qualified institutions placement

** Allots 2.2 mln shares at 11,507 rupees each to qualified institutional buyers

** Trading vols at 194,105 shares, 1.3x the 30-day average

** Stock down ~12% YTD

($1 = 86.8150 Indian rupees)

(Reporting by Vijay Malkar)

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March 11 (Reuters) - Hitachi Ltd 6501.T:

• HITACHI ENERGY: INVESTS ADDITIONAL $250 MILLION BY 2027 TO EXPAND GLOBAL PRODUCTION OF CRITICAL COMPONENTS FOR TRANSFORMERS

• HITACHI ENERGY: INVESTMENTS WILL ENHANCE PRODUCTION CAPACITY AT CO'S MANUFACTURING CAPABILITIES IN VIRGINIA, MISSOURI, MISSISSIPPI, ASIA, SOUTH AMERICA AND EUROPE

Source text: https://www.hitachi.com/New/cnews/month/2025/03/250311a.pdf

Further company coverage: 6501.T

(Reporting by Kantaro Komiya)

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** Shares of Hitachi Energy India HITN.NS rise 6.8% to 13,010.8 rupees, and on track for their best day in more than a month, if gains hold

** Goldman Sachs keeps "buy" rating, hikes price target on stock by 61.8% to 13,350 rupees apiece - a 9.5% premium on last close

** GS sees potential of more order wins in high voltage transmission segment, industries segment and data centres

** "We find more room for margin to expand alongside rising orders amid expanding demand for both the domestic and export market," GS analysts say

** Expects HITN to be significant beneficiary of rising grid and non-grid transmission equipment demand over FY32-FY50

** HITN rated "hold" on avg, median PT at 14,175.5 rupees - data compiled by LSEG

** Stock among top five pct gainers Nifty energy index .NIFTYENR, which is up 2.8%

** Year-to-date, HITN, NIFTYENR down 15%, 12%

(Reporting by Manvi Pant in Bengaluru)

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Jan 29 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• HITACHI ENERGY INDIA DEC-QUARTER CONSOL PROFIT 1.37 BILLION RUPEES

• HITACHI ENERGY INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 16.2 BILLION RUPEES

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Jan 15 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• HITACHI ENERGY INDIA LTD - TO CONSIDER AND APPROVE PROPOSAL FOR RAISING OF FUNDS

Source text: ID:nBSE4nD4HT

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Oct 29 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• HITACHI ENERGY INDIA SEPT-QUARTER CONSOL PROFIT 522.9 MILLION RUPEES

• HITACHI ENERGY INDIA SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 15.54 BILLION RUPEES

Source text: ID:nBSE13t07s

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Sept 23 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• HITACHI ENERGY : PLANS TO INVEST AN ADDITIONAL $155 MILLION TO EXPAND ITS MANUFACTURING CAPACITY IN NORTH AMERICA

Source text for Eikon: ID:nGNXbbmXHm

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July 26 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• AS OF JUNE 30, ORDER BACKLOG AT 85.39 BILLION RUPEES

Source text for Eikon: ID:nBSE32jnln

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July 24 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• HITACHI ENERGY INDIA LTD JUNE-QUARTER PROFIT 104.2 MILLION RUPEES

• HITACHI ENERGY INDIA LTD JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 13.27 BILLION RUPEES

Source text for Eikon: [ID:]

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** Shares of Hitachi Energy India HITN.NS up 3.7% at 12,029 rupees, after rising as much as 5.3% earlier in the session

** Co receives work order worth 7.9 billion rupees ($94.7 million) from subsidiary Hitachi Energy Australia

** Stock set to rise for the third straight session, if gains hold

** Including session's gains, stock has surged ~128% this year

($1 = 83.4600 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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By Rishika Sadam

HYDERABAD, April 24 (Reuters) - Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to scale up renewable energy generation in the country.

Zurich-based Hitachi Energy, which makes transformers and large-scale power transmitters, operates a GCC in the country, where high power demand has led to the government ramping up generation, including in renewable energy.

"We are looking at Hyderabad for our GCC.. and also looking at Pune. It might take six months to one year," said Venu Nuguri, the managing director and CEO of the company's India unit.

The center could be in either or both cities depending on the demand, he said, without giving financial details of the investment.

The new GCC - a low-cost, offshore facility - will work alongside Hitachi Energy India HITN.NS, but will be part of a separate non-listed Indian entity of Hitachi Energy in Switzerland, Nuguri said.

India's government last year rolled out incentives for green energy transition, with an aim to have 500 GW of installed capacity through non-fossil fuel sources by 2030.

India's power consumption grew 8% in fiscal year 2023. The International Energy Agency estimates that India will add electricity demand roughly equivalent to the current consumption of the United Kingdom over the next three years.

"To meet the projected demand, market needs to generate at least 3-4 times than what is being done. And accordingly, our order book will also grow two or three times, higher than market growth," Nuguri said.

The company had an order backlog of 72 billion rupees ($864.7 million) as of fiscal year 2023, according to Nuguri.

($1 = 83.2690 Indian rupees)

(Reporting by Rishika Sadam; Editing by Varun H K)

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March 8 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• CENTRAL GROUND WATER AUTHORITY ADVISED CO TO PAY ENVIRONMENTAL COMPENSATION CHARGES OF 9.2 MILLION RUPEES

Source text for Eikon: ID:nNSE37NKSG

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Jan 23 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• HITACHI ENERGY INDIA DEC-QUARTER PROFIT 229.7 MILLION RUPEES VERSUS PROFIT 45.8 MILLION RUPEES

• HITACHI ENERGY INDIA DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 12.74 BILLION RUPEES VERSUS 10.34 BILLION RUPEES

Source text for Eikon: ID:nNSE5VQSyS

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Jan 15 (Reuters) -

• DAVOS-HITACHI INDIA EXEC TELLS REUTERS GLOBAL MARKETS FORUM BY 2030 WANTS INDIA TO CONTRIBUTE $20 BILLION TO HITACHI

• DAVOS-HITACHI INDIA EXEC TELLS GMF BIGGEST BALANCE SHEET CONTRIBUTER IN INDIA WOULD BE RAIL AND POWER IN NEXT TEN YEARS

• DAVOS-HITACHI INDIA EXEC TELLS GMF MEDIUM AND LOW VOLTAGE BUSINESSES WILL SEE LOT OF TRACTION

• DAVOS-HITACHI INDIA EXEC TELLS GMF CO PLANS TO EXPAND FURTHER IN NORTH AMERICA

• DAVOS-HITACHI INDIA EXEC TELLS GMF WORKING ON FIRST PHASE OF BALTIMORE RAIL DEAL FOR WASHINGTON DC METRO

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Nov 6 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• SEPT-QUARTER PROFIT 247.4 MILLION RUPEES VERSUS PROFIT 371.7 MILLION RUPEES

• SEPT-QUARTER TOTAL REVENUE FROM OPERATIONS 12.28 BILLION RUPEES VERSUS 11.15 BILLION RUPEES

Source text for Eikon: ID:nBSE2czLc9

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Nov 1 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• RECEIVED ORDER FROM OFFICE OF DEPUTY COLLECTOR, STAMP DUTY VALUATION SYSTEM

• ORDER FOR PAYMENT OF STAMP DUTY OF 161.2 MILLION RUPEES , PENALTY OF 250 MILLION RUPEES

Source text for Eikon: ID:nBSE8vbTKR

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BERLIN, Sept 25 (Reuters) - Dutch grid operator TenneT IPO-TTH.AS said on Monday that it has signed a framework agreement worth 1.9 billion euros ($2.02 billion) for the supply of 110 compensation coils and 160 power transformers for Germany and the Netherlands.

The agreement, which has a minimum term of two years and offers the possibility to extend the contract up to five times for a year at a time, was signed together with suppliers Siemens Energy, Hitachi Energy, GE Grid and Royal SMIT, said TenneT.

Of the total, 1.16 billion euros is for German substations and 730 million euros is for those in the Netherlands, said TenneT, adding that each supplier was awarded about a quarter of the total volume.

($1 = 0.9407 euros)

(Writing by Miranda Murray, Editing by Friederike Heine)

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** Shares of power technology co Hitachi Energy India HITN.NS rise as much as 4.5% to 4,547.90 rupees

** HITN says won a contract from Ayana Renewable Power to provide grid connection solution for upcoming solar photovoltaic power plant in Rajasthan

** More than 52,000 shares change hands by 2:30 p.m. IST, 1.5x 30-day avg

** Three of the five analysts covering stock have a "buy" or "strong buy" rating, one "hold" and one "strong sell;" median PT is 4,365 rupees - LSEG data

** Stock up ~35% YTD

(Reporting by Ashish Chandra in Bengaluru)

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July 25 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• HITACHI ENERGY INDIA JUNE-QUARTER PROFIT 24.1 MILLION RUPEES VERSUS PROFIT 13.4 MILLION RUPEES

• HITACHI ENERGY INDIA JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 10.4 BILLION RUPEES VERSUS 9.86 BILLION RUPEES

Source text for Eikon: ID:nBSE4q1Jxc

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May 24 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• MARCH-QUARTER PROFIT 508.1 MILLION RUPEES VERSUS PROFIT 516.8 MILLION RUPEES

• MARCH-QUARTER INCOME FROM OPERATIONS 12.93 BILLION RUPEES VERSUS 10.86 BILLION RUPEES

• FINAL DIVIDEND 3.40 RUPEES PER SHARE

Source text for Eikon: ID:nBSE5wWrgn

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