Latest news with #HitachiEnergy
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Business Standard
3 days ago
- Business
- Business Standard
Hitachi India names N Venu as managing director with effect from June 2
Hitachi India on Thursday announced appointment of N Venu as its Managing Director, with effect from June 2, 2025. This follows the elevation of Hitachi's first Indian Managing Director Bharat Kaushal, Corporate officer, Hitachi Ltd to Executive Chairman Hitachi India with effect from April 1, 2025, a company statement said. N Venu will be the MD in addition to his current role as Managing Director & CEO, Hitachi Energy India and Region Head of South Asia at Hitachi Energy. As the Managing Director of Hitachi India, N Venu will focus on expanding Hitachi's legacy in India in line with Hitachi Group's new management plan - Inspire 2027. By strengthening the cohesion of around 28 Hitachi group companies in India, Venu will strive to create value for customers as Hitachi transforms into a digital-centric company and expand the Lumada business while creating synergetic opportunities for the organization, especially by integrating IT, OT (Operational Technology) proficiency. Japan-based Hitachi is witnessing major expansion in India, covering varied businesses, including rail, digital, connective industries, energy, financial inclusion, e-education and healthcare, it stated. "The appointment of N Venu will reemphasize our vision and mission of making India as one of the most lucrative business hubs within Hitachi's cosmic ecosystem. N Venu has been instrumental in driving and steering business at Hitachi Energy, which has witnessed expansive growth under his leadership," Bharat Kaushal, Executive Chairman, Hitachi India, said. N Venu has nearly four decades of work experience and has led Hitachi Energy in India since its formation in 2019. He was also the Chairman of the Karnataka chapter of the Confederation of Indian Industry (CII) during 2024-25. Venu has a degree in Electrical Engineering from NIT Warangal and has also been accredited by the Indian Institute of Management Ahmedabad, the Indian School of Business, Hyderabad, and the International Institute of Management Development, Switzerland.
Time of India
3 days ago
- Business
- Time of India
Hitachi India appoints N Venu as Managing Director effective June 2
New Delhi: Hitachi India announced the appointment of N Venu as its Managing Director, effective June 2, 2025. Venu will continue in his existing roles as Managing Director and CEO of Hitachi Energy India Limited and Region Head of South Asia at Hitachi Energy. The announcement comes after Bharat Kaushal, the first Indian Managing Director of Hitachi India, was elevated to the position of Executive Chairman, Hitachi India, with effect from April 1, 2025. As Managing Director of Hitachi India, Venu will lead operations across 28 Hitachi group companies in India under the company's new global management plan ' Inspire 2027 '. 'I am honored to welcome N Venu. His appointment reiterates our commitment to India and showcases the company's truly diverse culture and larger collaboration among Hitachi group companies,' said Kojin Nakakita, Vice President and Executive Officer, Head of Regional Strategies [APAC/India], and Chairman of Hitachi Asia Ltd. According to the company, Venu will focus on strengthening Hitachi's position in India and expanding the Lumada digital business by integrating IT and Operational Technology (OT) capabilities. 'The appointment of N Venu will reemphasize our vision and mission of making India as one of the most lucrative business hubs within Hitachi's ecosystem,' said Bharat Kaushal. 'Hitachi Energy is one of India's largest contributors in architecting a framework that goes beyond offering unparalleled energy solutions.' 'It is an honor to be bestowed with this responsibility at such a critical juncture in Hitachi's legacy. India is a key market for Hitachi Energy globally and, through One Hitachi, is set to be a cornerstone of the company's future worldwide growth,' Venu said. Venu has nearly four decades of experience and has led Hitachi Energy in India since 2019. He was Chairman of the Karnataka chapter of the Confederation of Indian Industry during 2024–25. He holds a degree in Electrical Engineering from NIT Warangal and has attended management programmes at IIM Ahmedabad, ISB Hyderabad, and IMD Switzerland.
Al Borsaa
7 days ago
- Business
- Al Borsaa
"أكور" الفرنسية تستكمل المرحلة الأولى من برنامج إعادة شراء الأسهم
Join our IT Team supporting the Grid Integration HVDC business in Ludvika, part of Hitachi Energy. HVDC specializes in innovative and reliable solutions for power transmission and distribution, supporting efficient and sustainable energy systems worldwide. As a Site IT/OT Service Delivery Specialist in Ludvika, you will support IT/OT solutions and services, working closely with business leaders and IT stakeholders. Your role includes managing IT infrastructure, applications, and ticket escalations, as well as supporting both office and shop floor IT/OT assets. You will be working in close collaboration with the Service Delivery Specialist for HVDC Ludvika, ensuring business needs are met and overall satisfaction with IT services. Additionally, you will play a crucial role in integrating IT with the business operations, enhancing connectivity and cybersecurity for all operational technologies. 'This is a new, dynamic and fast-moving area where you will have the opportunity to influence and grow in the role and within the company. '– Britt Marie Gustafsson, GPG HVDC IT Service Delivery Manager. How you'll make an impact Collaborate with cross-functional teams to support the business in their growth Overseeing and acting as a point of contact for the IT/OT environment and responding to emergencies Supporting the Service Delivery Specialist who is responsible for the HVDC site in Ludvika Participate in planning, developing, implementing and maintaining the HVDC IT/OT environment You are a team player who can also handle tasks independently and take on responsibility You have a willingness to learn and try new things and enjoy collaborating with others Your background You have 3-5 years of work experience, ideally in a similar role Experience with manufacturing operations methods, processes, and change management is an advantage You have experience handling complex stakeholder scenarios and cross-functional problem solving. You also have a solid understanding of IT procedures, policies, and end-to-end business processes Hands-on, installation, troubleshooting etc. on applications & infrastructure You are fluent in English and Swedish What we offer Collective agreement Flexible working time Health care and wellness allowance Fantastic career possibilities within Hitachi Energy both within Sweden and globally Mentor to support you throughout onboard phase Various trainings and education supporting employee development Diversified company with over 70+ nationalities working in Sweden Supplementary compensation for parental leave Employee Benefit Portal with thousands of discounts and perks More about us Are you ready for a new exciting challenge? Does the above description sound like you? Welcome to apply! Applications will be reviewed on an ongoing basis, so don't delay – apply today! Recruiting Manager Britt-Marie Gustafsson, will answer your questions about the position. Union representatives – Sveriges Ingenjörer: Philip Bengtsson, +46 107-38 25 17; Unionen: Karin Ulvemark, +46 107-38 51 42; Ledarna: Frank Hollstedt, +46 107-38 70 43. All other questions can be directed to Talent Acquisition Partner Fredrik Söder,
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Business Standard
23-05-2025
- Business
- Business Standard
Breakout stocks! Max Financial, Hitachi, Solar Inds may rally up to 23%
Max Financial Services, Hitachi Energy and Solar Industries were trading above the higher-end of the Bollinger Bands on daily chart on Friday; here are the key levels to track on these 3 midcap stocks Rex Cano Mumbai Listen to This Article Max Financial Services (MFSL), Hitachi Energy India (NSE Code: PowerIndia) and Solar Industries India are the 3 midcap stocks on the NSE, to witness a breakout on the technical charts on Friday. Technical chart shows, that each of these 3 stocks - MFSL, Hitachi Energy and Solar Industries - were seen trading above the higher-end of the Bollinger Bands on the daily scale in intra-day trades on Friday, May 23, 2025. In general, stocks quoting above the higher-end of the Bollinger Bands continue to extend gains as long as they manage to sustain above the same.
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Business Standard
22-05-2025
- Business
- Business Standard
This BSE500 stock zooms 101% in 4 months; hits new peak in weak market
Share price of Hitachi Energy India today Share price of Hitachi Energy India hit a new high of ₹17,550, soaring 6 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market. The stock from the BSE500 index surpassed its earlier high of ₹16,981.45 touched May 14, 2025. In the past one month, the Hitachi Energy stock has outperformed the market by soaring 27 per cent, as against 1.4 per cent gain in the BSE Sensex. Since January 28, 2025, in four months, it has more-than-doubled or zoomed 101 per cent from a level of ₹8,738.05 on the BSE. Healthy Q4 performance, order book In the January to March 2025 quarter (Q4FY25), Hitachi Energy India achieved a 56 per cent year-on-year (YoY) order growth amounting to ₹2,190.9 crore, led by energy transition also due to the industry's cyclical nature. Revenue grew by 13 per cent YoY to ₹1,921 crore for the quarter based on solid order execution and focus on continuous improvement in overall operational efficiency. On a strong execution and a better product mix, profit before tax and profit after tax were up by 62.1 per cent YoY at ₹246 crore and 61.8 per cent YoY at ₹183.9 crore, respectively. The orders company received during the quarter under review followed in from multiple segments, wherein transmission and renewable led the charge, reiterating the focus on modernizing the grid to ensure a reliable supply of clean electricity across the length and breadth of the country, followed by orders from industry and the rail and metro segment. Some of the notable orders include the first Made in India variable shunt reactor for the National Transmission Utility, a large STATCOM order, 220/33 kV AIS substation for 700-megawatt wind farm, automation of five substation and 128 traction transformers for railway to mention a few. While geopolitical uncertainty has posed some challenges, we expect the growth momentum in the energy sector to continue. The government reiterated its commitment to the same by increasing the FY25-26 budget for the energy sector to ₹26,550 crore compared to the ₹19,000 crore of the previous year. With India moving fast to meet its commitment of renewable energy installed capacity, the interstate transmission system expects close to ₹1 trillion investment over the next two financial years. Furthermore, the flow of more foreign direct investments, growing investment in the Indian data center for the next couple of years and modernization of Indian railways will add more steam to the energy sector's growth engine. Also, the government's effort to enhance the financial viability of power distribution companies is a positive step that will go a long way in strengthening the country's energy ecosystem, Hitachi Energy India said in an analyst conference call. Meanwhile, the company raised ₹2,520.82 crore via qualified institutional placement (QIP) issue by allotting shares at the issue price of ₹11,507 per share. The issue proceeds are proposed to be deployed in capacity expansions, working capital including for mega projects – including high-voltage direct current (HVDC), and other avenues to accelerate growth in its India operations. The proposed capex will allow the company to increase its operational efficiency, optimize costs and increase its total revenue over the years, say analysts. ALSO READ | Why did ABFRL share price crashed 67% to ₹88 from ₹269 in trade today? Motilal Oswal Financial Services view on Hitachi Energy India The brokerage firm believes Hitachi Energy will continue to be a key beneficiary of green energy initiatives across domestic and international markets. However, the execution period of the order book is turning longer due to large-sized HVDC projects where execution contribution will be lower in the initial two years and will ramp up mainly after 1.5-2 years. 'We increase our FY26/FY27 earnings estimates by 19 per cent/15 per cent to factor in higher margins. Our estimates currently bake in at least one HVDC win for the company every year and consistent improvement in margins. This should result in an EBITDA margin improvement to 13.0 per cent/14.1 per cent in FY26/FY27,' the brokerage firm said in the Q4 result update. The current valuations factor in most of the positives related to inflow and margin improvement. ALSO READ | Incorporated in February 2019, following the demerger of ABB India's power grid business unit, Hitachi Energy India provides product, system, software, and service solutions across the power value chain. The portfolio includes an extensive range of high-voltage products, transformers, grid automation products and power quality products and systems.
