Latest news with #HitachiEnergy
Business Standard
17 hours ago
- Business
- Business Standard
Laxmi Organic declines after weak Q1 performance
Laxmi Organic Industries tumbled 4.53% to Rs 195.05 after the company reported 38% fall in consolidated net profit to Rs 21.4 crore on a 4% decline in revenue to Rs 692.9 crore in Q1 FY26 as compared with Q1 FY25. On the segmental front, Essentials revenue and Specialties revenue for Q1 FY26 was Rs 485.8 crore (up 4% YoY) and Rs 207.1 crore (down 18% YoY), respectively. Total volumes grew by 8%. The company said that reduction of Acetic Acid prices in the Essentials segment, anticipated phase out of a product serving the agricultural solutions industry and deferment of deliveries of few products impacted revenue in Q1 FY26. EBITDA fell by 57% to Rs 30.8 crore in Q1 FY26 from Rs 71.2 crore in Q1 FY25. EBITDA margin for Q1 FY26 was 4.4% as against 9.9% in Q1 FY25. Profit before tax for the first quarter was Rs 14.2 crore, down by 74% from Rs 54 crore posted in the same period last year. Rajan Venkatesh, MD & CEO, said: "The global chemical industry has been marked by continued efforts towards cost optimization, rerouting supply chain linked to evolving tariffs and regional conflicts, and a strong push towards innovation. Regional dynamics continue to play a crucial role in shaping the industry's trajectory. Acetic acid prices remained bearish. The spread for ethyl acetate continued to be subdued. That notwithstanding, we have sustained our volume growth momentum (+11%YoY) and in line with our strategy, continued the diversification into newer products. In this current backdrop, our primary focus for the Essentials segment remains achieving volume-driven profitable growth. The fluorine intermediates operations at the Lote facility are ramping up well, and we remain on track to deliver revenues as previously outlined (40-60% of peak revenues). At the upcoming Dahej site, the project remains on schedule in terms of timelines, scope and cost. We anticipate concluding the contract with Hitachi Energy to set up production of an eco-efficient gas used in their SF6-free high-voltage switchgear portfolio in Q2FY26. Building on our execution excellence, we can accommodate the capex for the same in the previously announced Rs 1,100 crore. Given the current operational backdrop, we will continue our focus on productivity, commercial excellence, execution excellence, cost discipline and growth projects. The end-to-end digitization of our supply-chain operations which has been started in Q1FY26 is one such example that should advance efficiency and predictability, reduce costs and improve agility to serve our customers. Laxmi Organic Industries is a leading manufacturer of acetyl intermediates and specialty intermediates with almost three decades of experience in large-scale manufacturing of chemicals.
Zawya
6 days ago
- Business
- Zawya
IFS surges ahead in H1 2025: 30% ARR growth and breakthrough agentic AI cement industrial leadership
RELATED TOPICS EARNINGS RELATED COMPANIES Hitachi Arcelor Mittal Cellular Only Co Copperleaf Tech Japan Airlines Dubai, United Arab Emirates – IFS, the leading provider of enterprise cloud and Industrial AI software, today announced record-setting H1 2025 results. The company is rewriting the rules of enterprise software with Industrial AI that acts, learns, and delivers. In H1, IFS outpaced legacy enterprise vendors, driving double-digit growth across all key performance metrics, further validating the strength of IFS's strategy, the scalability of its model, and accelerating momentum as the category leader in Industrial AI. IFS H1 2025 Key Financial Results: Annual Recurring Revenue (ARR): +30% YoY Cloud Revenue: +37% YoY Recurring Revenue: +24% YoY (now 82% of total revenue) Unlike traditional, legacy software vendors, IFS is purpose-built for the operational core of industrial businesses, powering the real-world systems that keep the world running. Average customer deal size from new customers continued to grow significantly in the first half of the year, with 130 leading industrial brands choosing to future-proof their growth with IFS in H1, including: Arcelor Mittal, Callaway, Collins Aerospace, Hitachi Energy, Japan Airlines, TotalEnergies. In addition to continued organic growth, IFS extended its Industrial AI lead with the acquisition of TheLoops, launching the first agentic AI workforce for complex industries. Complementing this, the launch of Nexus Black, IFS's AI innovation accelerator, is already delivering bespoke, scalable solutions that traditional platforms cannot match. Together, Nexus Black and TheLoops mark a new era for enterprise software, where self-learning AI agents operate in real time inside customer environments, reducing manual effort and accelerating decisions from edge to boardroom 'Our phenomenal growth proves customers are done with AI theory. They want AI that solves real problems, at scale, and are placing their trust in IFS to lead them through the Industrial AI revolution,' said Mark Moffat, CEO of IFS. 'The connection between our performance and AI innovation is unmistakable. As demand intensifies, IFS stands apart, thanks to our domain depth, contextual intelligence, and unwavering focus on industry.' Matthias Heiden, CFO of IFS commented: 'Our fiscal performance reflects the fast-growth, differentiated Industrial AI leader that IFS has become, with a disciplined financial model rooted in recurring revenue, resilient operations, and scale-ready agility. These same principles are built into our solutions to empower our customers to drive long-term value. With this strong foundation, we're not just growing, we're redefining what's possible for industrial enterprises.' Demand for AI-powered solutions from prior acquisitions – Copperleaf, Poka, Ultimo, P2 and EmpowerMX – remains strong and continues to contribute meaningfully to IFS's growth. IFS's thriving global network of strategic partners also played a key role in enabling continued scaling and deal size growth. H1 Highlights: AI and Innovation Launched Nexus Black: bespoke accelerator for industrial-grade scalability and security Acquired TheLoops: first agentic AI workforce for mission-critical industries Released IFS Cloud 25R1: made 200+ AI-driven capabilities Market Momentum and Recognition EUR 15 billion valuation amid soaring Industrial AI demand Only company named Customers' Choice in the 2025 Gartner Peer Insights Voice of the Customer for EAM report IFS ranked #1 for EAM for fourth consecutive year, Gartner Market Share: Enterprise Software, Worldwide, 2024 report Named a Leader in two IDC MarketScape 2024-2025 Vendor Assessments in two IDC MarketScape 2024-2025 Vendor Assessments IFS appointed Advisor to UK Parliamentary Group on AI -Ends- About IFS IFS is the world's leading provider of Industrial AI and enterprise software for hardcore businesses that service, power and protect our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability. IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers' specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™. IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit to learn why. IFS Press Contacts: EUROPE / MEA / APJ: Adam Gillbe IFS, Director of Corporate & Executive Communications Email: NORTH AMERICA / LATAM: Mairi Morgan IFS, Director of Corporate & Executive Communications Email:
Time of India
15-07-2025
- Automotive
- Time of India
Hitachi Energy hands over India's first 400 kV synthetic ester fluid-filled transformer to Power Grid
Hitachi Energy on Wednesday said that it has flagged off India's first 400 kV class three-phase synthetic ester fluid-filled power transformer for Power Grid Corporation of India . This occasion marks a significant milestone in sustainable, high-performance power solutions, a company statement said. According to the statement, engineered for future-ready performance, these transformers operate at higher temperatures, support greater load capacities, leading to reduced operational costs, superior energy efficiency, and safety from fire hazards which could get triggered at that temperature. The ester fluid-filled transformer stands out as the largest-of-its-kind in India, both in terms of kV class and MVA rating, and reinforces Hitachi Energy's leadership in advanced, eco-conscious technology along with enhanced safety. Developed and manufactured entirely based on Hitachi Energy's Trafostar global platform and at the power transformers manufacturing facility in Maneja, Vadodara, the 315 MVA rating transformer represents a significant stride toward ' Atmanirbhar Bharat ' in the energy sector. Ester fluid, with a high flash point of 330°C, significantly reduces fire hazards in the transformer. Its biodegradable fluid minimizes environmental risks, making it an ideal choice for sensitive or high-density installations.
Yahoo
10-07-2025
- Business
- Yahoo
NKT begins construction of high-voltage power cable systems test centre in Sweden
NKT has initiated the construction of a new test centre for high-voltage (HV) power cable systems at its Karlskrona factory in Sweden. This development is said to be a significant step in the ongoing expansion aimed at boosting the factory's production capacity and installation capabilities. The centre is poised to become one of the world's largest and most advanced facilities for testing both AC and DC power cable technologies, states NKT. The construction of this centre is expected to meet the demand for HV power cable systems. The facility is a component of the €1.3bn ($1.4bn) expansion of NKT's HV cable factory in Karlskrona, which also includes the new cable-laying vessel, NKT Eleonora. Spanning approximately 4,000m², the new centre is set to be fully operational by 2027. NKT is reinforcing its partnership with suppliers Hitachi Energy and ABB for the current test centre's operations. Hitachi Energy will provide specially designed shunt reactors while ABB is tasked with delivering a sophisticated drive and control system for the new facility. Testing reportedly plays a pivotal role in material development, power cable innovations, and manufacturing processes. NKT says the new test centre will enhance its testing capacity, supporting a wide array of evaluations from material and process development to sample, routine, and after-installation site acceptance tests. NKT, headquartered in Denmark with a workforce of 6,000, engages in designing, manufacturing, and installing power cable solutions across low-, medium-, and high-voltage ranges, facilitating the sustainable energy transmission. In December 2024, Skanska signed a contract worth Skr1.2bn with NKT HV Cables for the second phase of construction and installation at the Karlskrona factory. More recently, in April, Assemblin entered into an agreement with Skanska for installations at NKT's upcoming extrusion tower in Karlskrona. "NKT begins construction of high-voltage power cable systems test centre in Sweden" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
UK Eastern Green Link 2 project secures $939m from SEK
The Swedish Export Credit Corporation (SEK) has announced a €800m ($939m) loan facility with National Grid Electricity Transmission for the UK's Eastern Green Link 2 (EGL2) project. The EGL2 project includes the development of a 525kV, 2GW high-voltage direct current (HVDC) subsea transmission cable from Peterhead to Drax in Yorkshire. It is being developed by a partnership between National Grid Electricity Transmission (NGET) and Scottish and Southern Electricity Networks Transmission (SSENT). Overall expenditure for EGL2 is projected to be €5bn ($5.8bn). The EGL2 subsea link is expected to be operational by 2029. The project will support the decarbonisation of the UK's electricity grid, aligning with the government's net zero strategy. SEK is funding Swedish and European exports for National Grid's portion of the project, including supplies from Hitachi Energy. The financing is designated as a Green Loan under international standards, signifying its contribution to climate improvement and alignment with global sustainability objectives. The financial arrangement includes a partnership with Société Générale (SocGen) and BNP Paribas, with funding from SEK supported by a Green Export Credit Guarantee from EKN. SEK global trade and export finance director Marica Bixo stated: 'This is a strategically important investment that strengthens the UK's renewable energy infrastructure. We are proud to contribute by financing Swedish technology with global impact. 'Green and sustainable financing is a priority area for us, and this project clearly supports the transition to a low-carbon economy.' SSENT and NGET commenced construction work on the EGL2 project in September 2024. "UK Eastern Green Link 2 project secures $939m from SEK" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
