Hitachi Energy India Limited, based in Bengaluru, has announced plans to raise up to ₹4,200 crore through equity shares or other securities. The company’s Board of Directors approved the proposal during a meeting held on January 18, 2025. The fundraising may involve instruments like convertible debentures, warrants, or preference shares, to be issued in one or more tranches through methods such as public issue, rights issue, private placement, preferential allotment, or Qualified Institutions Placement (QIP).
The initiative is subject to regulatory and shareholder approvals, which will be sought via a postal ballot. Hitachi Energy has assured that details regarding pricing and issuance will be disclosed in due course. On January 15, the company had informed the exchange about a Board meeting to discuss the proposal, though the exact amount to be raised was confirmed only in today’s filing.
Hitachi Energy is a global leader in advancing a sustainable energy future, focused on providing innovative solutions for the power, energy, and industrial sectors. Formerly known as ABB Power Grids, the company became Hitachi Energy following Hitachi Ltd.’s majority acquisition, combining its legacy of engineering excellence with cutting-edge digital technologies.
Hitachi Energy specializes in areas like grid automation, renewable energy integration, high-voltage transmission, and energy storage systems, helping utilities and industries transition to cleaner energy sources while ensuring reliability and efficiency. With a strong commitment to reducing carbon footprints, Hitachi Energy plays a pivotal role in enabling the energy transition, driving progress toward global net-zero goals.
