POWERINDIA

** 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

Source text: [ID:]

Further company coverage: HITN.NS

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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

Further company coverage: HITN.NS

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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

Further company coverage: HITN.NS

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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

Further company coverage: HITN.NS

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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

Further company coverage: HITN.NS

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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:]

Further company coverage: HITN.NS

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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

Further company coverage: HITN.NS

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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

Further company coverage: HITN.NS

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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

Further company coverage: HITN.NS

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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

Further company coverage: HITN.NS

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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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Sept 7 (Reuters) - Hitachi Energy India Ltd HITN.NS:

• WINS MAJOR ORDER TO SUPPORT INTEGRATION OF RENEWABLE POWER IN INDIA

• ORDER TO PROVIDE A GRID CONNECTION SOLUTION FOR 300-MEGAWATT (MW) SOLAR PHOTOVOLTAIC POWER PLANT IN BIKANER, RAJASTHAN

• GETS ORDER FROM AYANA RENEWABLE POWER

Source text for Eikon: ID:nBSE5rnwdV

Further company coverage: HITN.NS

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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

Further company coverage: HITN.NS

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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

Further company coverage: HITN.NS

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