Hitachi Energy India Ltd has reported an unexecuted order book of over Rs.29,500 crore as of March 31, 2026, marking a 53.5 per cent increase year-on-year.
In a release, Hitachi Energy India said that its outstanding order book as of March 31, 2026, at Rs.29,553.3 crore touched a record high, and was 53.5 per cent higher than the comparable level in 2025.
The latest order book position provides strong revenue visibility for several quarters, the company said in a release.
During FY26 (April 1, 2025 to March 31, 2026), the new order inflow stood at Rs.18,456.5 crore, around 1.6 per cent higher than the Rs.18,173.8 crore recorded in FY25.
Sustaining the growth momentum
Commenting on the quarterly results, N. Venu, Managing Director & CEO, Hitachi Energy India Ltd., said, “The Q4 and full-year results reiterate the company’s commitment to enhance its overall efficiency across all spheres of work, along with a sharp focus on improving customer experience through robust project implementation. The recently commissioned India’s first HVDC city center infeed in Mumbai is a testament to Hitachi Energy India Limited’s strong on time execution. A strong order backlog and long-term planning have sustained the company’s growth momentum even amid the volatile geopolitical landscape.”
New power transformer facility
In a recent meeting, the board of directors of Hitachi Energy India Ltd approved an investment of Rs.2,000 crore to put up, in addition to others, a large greenfield power transformer factory at Karjan in Vadodara district, Gujarat.
This investment, along with that announced in October 2024, has taken the company’s cumulative capital expenditure to Rs.4,000 crore.
It may be recalled that in October 2024, Hitachi Energy India Ltd, then commemorating 75 years of operations in India, had announced investment of Rs.2,000 crore spread over 4-5 years. This investment was aimed at: capacity expansion of the company’s large transformers facility, upgrading testing capabilities of small power transformers, relocation of bushings factory, capacity expansion of traction transformer factory, etc.
Also read: Hitachi Energy India records highest-ever order backlog
Featured photograph (source: Hitachi Energy India Ltd) is for representation only