The order inflows of Hitachi Energy India Ltd in FY25 were more than thrice the level in FY24.
As of March 31, 2025, the outstanding order book position was Rs.19,245.9 crore, providing revenue visibility for the coming quarters. This was also the company’s highest-ever year-end order backlog, the release noted.
Performance in Q4FY25
In the quarter ended March 31, 2025, new orders aggregated Rs.2,190.8 crore, up 55.7 per cent year-on-year.
Transmission & renewables led the charge, with an increasing focus on modernizing the grid to ensure reliable supply of green electricity across the country. This was followed by orders from industry as well as the rail & metro segment. Notable orders include a large statcom order from one of India’s leading power transmission companies and order for the first made in India Variable Shunt Reactor.
Key export orders were received from across continents – South Asia, Europe, and Africa. Service orders included grid compliance, power systems & renewable studies for utilities, digital service level agreements, SCADA upgrades, replacement of equipment, and annual maintenance contracts.
Well-positioned
According to N Venu, MD & CEO, Hitachi Energy India Ltd, “The increasing prominence of electricity in the global energy system will continue to drive the energy transition, making it a focal point of the world’s economic growth despite geopolitical dynamics. This growth phenomenon will ensure more capital flow in the energy sector to meet burgeoning demand. At Hitachi Energy India Ltd., we foresee these opportunities and are well-positioned to leverage them.”
Proceeds from QIP
To support its investment plan in India Hitachi Energy India, in FY25, raised Rs.2,520.82 crore through a Qualified Institutional Placement (QIP). The net proceeds from the QIP will be deployed in capacity expansions and other avenues to accelerate growth in its India operations.
Outlook
Supporting the growth of renewable energy in the country would require a strong HVDC and grid connectivity network which integrate clean energy flow seamlessly. This will keep the company’s long-term growth drivers intact, the release said.
Service business unit
Foreseeing immense potential in service and maintenance of rapidly expanding grids, the company has introduced its service business unit. From April 1, 2025, the unit will provide services to various sectors throughout the asset lifecycle, from installation to sustainable end-of-life solutions.
Featured photograph (source: Hitachi Energy India Ltd) is for representation only
