Rs 19,245.90 crore order backlog: Heavy electrical equipment company bags order for 765 kV transformers to Power Grid Corporation of India Ltd
The stock gave multibagger returns of 400 per cent in just 3 years whereas the BSE Sensex Index is up by 33 per cent.
Hitachi Energy India Limited has secured a significant order from Power Grid Corporation of India Limited (POWERGRID) for the supply of 30 units of 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers. This order directly supports India's ambitious energy transition by providing critical infrastructure for a more sustainable, flexible, and secure grid, essential for integrating renewable energy sources and electrifying various sectors. The demand for power transformers in India has seen a substantial increase of 15 per cent annually over the past two years, leading utilities to shift towards longer-term, program-based planning to meet this growing need. These 765 kV transformers will be manufactured at Hitachi Energy India’s facility in Maneja, Vadodara, Gujarat, underscoring their commitment to local production.
Once installed, these high-voltage alternating current (HVAC) 765 kV transformers are capable of transmitting power equivalent to the average consumption of 30 million Indian households, significantly enhancing grid security, reliability, and efficiency. Higher voltage transmission minimises power losses over long distances, reducing operational costs and making electricity more affordable. Furthermore, 765 kV transformers decrease the need for extensive transmission lines, thereby cutting land use and construction costs. This order follows a recent global breakthrough by Hitachi Energy, which successfully tested the world's first 765-kV / 400-kV single-phase, 250 MVA natural ester-filled oil transformer, offering a biodegradable and safety-by-design solution for ultra-high-voltage AC grids.
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About the Company
Hitachi Energy, a global technology leader in electrification, powers a sustainable energy future through innovative digital power grid technologies. Over three billion people rely on their solutions, which include high-voltage systems, transformers, and power electronics. With operations in 140+ countries and 50,000 employees globally, they generate around $16 billion USD in revenue, addressing the urgent challenge of balancing rising electricity demand with decarbonization.
On Friday, shares of Hitachi Energy zoomed 2.74 per cent to Rs 19,939 per share with an intraday high of Rs 20,222.80 and an intraday low is Rs 19,365.80. The stock gave multibagger returns of 400 per cent in just 3 years whereas the BSE Sensex Index is up by 33 per cent. The company has Rs 19,245.90 order backlog.
Disclaimer: The article is for informational purposes only and not investment advice.