In the quarter ending December 31, 2022, Hitachi Energy India reported the winning of orders worth Rs.1,221 crore that was 31 per cent higher on a year-on-year basis.
In an investor presentation discussing the company’s performance during the quarter ending December 31, 2022, Hitachi Energy said that key orders during the quarter under review included:
- 500MVA 765/400kV Transformers and 110MVAr 765kV shunt reactors for Green Energy Corridors
- First order for V-Connected transformers for High Speed Rail
- Multiple AIS substation orders for wind and solar power projects
- 400kV AIS Bay Extension at Lapanga aluminum smelter
- 64 units traction transformers for Vande Bharat
- Multiple orders for dry-type transformers for data centre applications
Focused approach
“Our focused approach to advancing a sustainable energy future backed by our commitment towards supporting the customers to integrate renewables at scale and embrace digital transformation has been helping us build a robust order pipeline,” observed N Venu, Managing Director and Chief Executive Officer, Hitachi Energy India Ltd. “In the short term, we will continue our efforts to manage the margin impact of global macro-economic forces and supply chain constraints,” he added.
As of December 31, 2022, the order backlog stood at around Rs.7,231 crore, providing revenue visibility of over 20 months.
Also read: Hitachi Energy India Sees Sharp Growth In Order Inflow
New inroads
Exports contributed over 20 per cent of the total orders from established markets in Middle East and Bhutan, and new inroads in South Africa, Central Asia and Europe. Services continued healthy growth for GIS substations, transformers, and high voltage products as the company continued to deliver significant customer value as trusted long-term partners.
Featured photograph (source: Hitachi Energy India) is for representation only.
