Hitachi Energy shares jump nearly 3% after bagging 765 kV transformer order from Power Grid Corp
Hitachi Energy India shares jumped nearly 3% in morning trade after the company secured a key order from Power Grid Corporation of India Limited (POWERGRID). As of 10 AM, the shares were trading 2.88% higher at Rs 20,000.00.
The deal involves the supply of 30 ultra-high-voltage 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers. These units will play a vital role in strengthening India's growing electricity network.
As the country pushes forward with its energy transition, demand for transformers has been rising steadily—reportedly growing at 15% annually. This order highlights a shift toward long-term national infrastructure planning, aimed at building a robust, future-ready grid.
The transformers, once deployed, will help transmit power to meet the average electricity needs of 30 million households. They're also expected to cut transmission losses, reduce costs, and boost grid reliability. The equipment will be manufactured at Hitachi Energy's Maneja facility in Vadodara, aligning with the government's 'Make in India' initiative.
In a separate global development, Hitachi Energy recently completed testing the world's first 765-kV/400-kV, 250 MVA transformer using natural ester oil—a biodegradable, fire-resistant alternative. This innovation underlines the company's efforts in advancing safer and more sustainable grid technology.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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