Hitachi Energy India Ltd. announced on June 25 that it secured a ₹790 crore order from its subsidiary, Hitachi Energy Australia Pvt. Ltd. This order is for the Marinus Link project, an HVDC (high voltage direct current) link between Tasmania and Victoria. Hitachi Energy India will supply equipment for the Burnie Converter Station and Latrobe Valley Converter Station.
The project is expected to be completed over four years. The company will deliver HVDC Light VSC stations, with some equipment produced in its Indian factory. In April, reports indicated that Hitachi Energy plans to open more global capability centers in India, targeting Hyderabad and Pune, to meet the growing energy demand and boost renewable energy production.
“We are considering Hyderabad and Pune for our new centers, which may take six months to a year to establish,” said Venu Nuguri, managing director and CEO of Hitachi Energy India, as reported by Reuters. The decision will depend on demand, with no financial details provided yet. Shares of Hitachi Energy India Ltd. were trading 3.44% higher at ₹12,000 each at 11:15 am on June 25.
Hitachi Energy is a global leader in technology, dedicated to creating a sustainable energy future for everyone. We provide innovative solutions and services to customers in utilities, industries, and infrastructure sectors worldwide. Working closely with our customers and partners, we pioneer technologies that drive digital transformation and accelerate the shift towards a carbon-neutral future. Our goal is to enhance the sustainability, flexibility, and security of the world’s energy systems, while balancing social, environmental, and economic benefits.
With a strong presence in more than 140 countries, Hitachi Energy has a proven track record and a large installed base. Based in Switzerland, we have approximately 40,000 employees across 90 countries, and our business volumes exceed $10 billion USD annually.
