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Business Standard
14 hours ago
- Business
- Business Standard
Hitachi Energy India Q1 results: Profit jumps to ₹132 cr on revenue rise
Hitachi Energy India on Wednesday posted multi-fold increase in net profit at ₹131.60 crore for June quarter 2025-26 mainly due to higher revenues and lower base effect. The company logged a net profit of ₹10.42 crore in the same period a year ago. Revenue rose to ₹1,529.84 crore in the quarter from ₹1,327.33 crore a year ago, a company statement said. This was achieved through effective order execution during the quarter and continued improvement in overall operational efficiency. With effective execution of high-margin orders, sustained operational excellence, a good product mix, and increased export momentum, the company saw a significant YoY growth in profit after tax (net profit) on a lower base, it said. Furthermore, it stated that the steady collection of receivables, along with advances, resulted in a positive cash impact in the quarter, supporting the company's commitment toward improving margins and strengthening overall operational efficiency and capacity. In the June quarter, the orders totalled ₹11,339.2 crore, higher than ₹2,436.7 crore a year ago, led by the large project win of Bhadla-Fatehpur High Voltage Direct Current (HVDC) link. The company also received a bulk order from POWERGRID to supply 30 units of 765-kilovolt (kV) 500 megavolt-ampere (MVA) single-phase transformers. In terms of segment, transmission continues to lead the order book, followed by orders from the rail & metro and data center segments. Service clocked a 91 per cent YoY order growth; some of the key service orders include SCADA upgrades, equipment replacement, and annual maintenance contracts. Meanwhile, exports maintained consistency by contributing 24.7 per cent without HVDC orders in Q1 FY26?, it stated. In the quarter, the company received export orders from Europe, South America, and Asia, it stated. The order backlog stood at ₹29,125.3 crore during the period, providing revenue visibility for the coming quarters. "India's ongoing efforts to integrate renewables, coupled with growth in data centers and AI, the increasing electrification needs of industry and transport continue to drive grid infrastructure development in the country. As one of the fastest growing large economies in the world, India needs to persist with deploying state-of-the-art technologies at speed and scale as it powers ahead to inspire the next era of a sustainable energy future for all," MD & CEO N Venu said. Hitachi Energy is a global technology leader in electrification, powering a sustainable energy future with innovative power grid technologies with digital at the core.
News18
17 hours ago
- Business
- News18
Power Grid Q1 profit down 2.5 pc to Rs 3,631 cr
Agency: PTI New Delhi, Jul 30 (PTI) State-owned Power Grid Corporation on Wednesday reported 2.5 per cent dip in consolidated net profit at Rs 3,630.58 crore for June quarter 2025-26 due to higher expenses. The company reported a profit of Rs 3,723.92 crore in the year-ago period, a BSE filing said. However, total income rose to Rs 11,444.42 crore from Rs 11,279.59 crore. Total expenses increased to Rs 7,114.23 crore from Rs 6,643.07 crore a year ago. The board approved enhancement of borrowing limit from Rs 16,000 crore to Rs 25,000 crore, from various sources including issuance of non-convertible debentures under private placement for 2025-26. It also approved a proposal to raise up to Rs 30,000 crore, from various sources including domestic bonds during 2026-27 in one or more tranches / offers. The board gave in-principle approval for participation of POWERGRID in up to two TBCB (tariff based competitive bidding) projects with an aggregate total estimated project cost of Rs 500 crore through consortium of POWERGRID and POWERGRID Infrastructure Investment Trust (PGInvIT). In-principle approval was also granted for sale of entire stake of POWERGRID and exit from Parbati Koldam Transmission Company, a joint venture between POWERGRID and India Grid Trust. The board gave in-principle approval for formation of joint ventures in India and Nepal between POWERGRID and Nepal Electricity Authority (NEA) for transmission interconnections between the two countries. It also approved winding up of RINL POWERGRID TLT Private Ltd, a joint venture between POWERGRID and Rashtriya Ispat Nigam Ltd, from the records of the Registrar of Companies, Ministry of Corporate Affairs, subject to requisite approvals. PTI KKS 1.0.0 ANU ANU (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
6 days ago
- Sport
- Hans India
Powergrid SR-I hosts inter regional Badminton tournament 2025
Hyderabad: Powergrid Southern Region-I inaugurated the 'Inter Regional Badminton Tournament 2025' at K.V.B.R. Indoor Stadium, Yousufguda, Hyderabad, from July 24 to 26, 2025. The three-day event brings together badminton enthusiasts from across the country, representing various regional units of POWERGRID. The tournament aims to foster camaraderie, sportsmanship, and a spirit of healthy competition among employees. During the inaugural ceremony, Doman Yadav, Executive Director (Southern Region-I), addressed the gathering and highlighted the deeper values embedded in the sport. 'Badminton is not only a test of speed and skill—it calls for sharp focus, composure under pressure, and strategy. These are the very qualities that also define success in our professional lives,' he said. He encouraged players to value sportsmanship and character above scores and trophies, reminding them that every point played reflects their dedication and commitment. Shri Arun Kumar, Chief General Manager (HR), also spoke on the occasion, drawing insightful parallels between Powergrid's work culture and the game of badminton. He emphasized that both demand alertness, discipline, and energy—traits that are essential for excellence in both arenas. Participants from all regions of POWERGRID—including Corporate Centre (CC), Northern Region-I (NR-I), Northern Region-II (NR-II), Northern Region-III (NR-III), Eastern Region-I (ER-I), Eastern Region-II (ER-II), North Eastern Region (NER), Southern Region-I (SR-I), Southern Region-II (SR-II), Western Region-I (WR-I), and Western Region-II (WR-II)—are competing in the tournament. Each team comprises six men and six women, totaling 132 players. The matches are being conducted and coordinated by the Badminton Association of Telangana, Hyderabad.
Time of India
02-07-2025
- Business
- Time of India
Hartek bags ₹138 cr POWERGRID contract for 400kV substation in Karnataka
New Delhi: Hartek Group has secured a contract worth ₹138 crore from Power Grid Corporation of India Ltd ( POWERGRID ) for developing a 400kV AIS Substation under the Transmission Scheme for integration of renewable energy zones in Karnataka, the company said in a statement. The substation project—Package SS-66T—is part of the infrastructure required to integrate renewable energy from Davanagere, Chitradurga and Ballari Renewable Energy Zones (REZ) into the national grid. The contract was awarded through the Tariff-Based Competitive Bidding (TBCB) route. The scope of work includes design, engineering, procurement, construction, testing at the manufacturer's works, supply, unloading, storage, erection, testing, and commissioning of the substation. 'We are honored to be entrusted with this critical infrastructure project by POWERGRID. The development of the 400kV AIS Substation under the TBCB route reinforces Hartek's expertise in delivering high-voltage transmission projects and aligns with our commitment to supporting India's renewable energy integration goals. This project will strengthen the national grid and accelerate the green energy transition ,' said Simarpreet Singh, Executive Director & CEO, Hartek Group. The substation is expected to enable the seamless evacuation of renewable energy generated in the Karnataka REZ and support India's target of achieving 500 GW of non-fossil fuel-based capacity by 2030. Hartek said the project would help in enhancing grid stability and reducing transmission losses. The company added that it continues to expand across power systems, renewables, and distribution infrastructure, with a growing portfolio aimed at supporting India's energy transition.
Business Upturn
26-06-2025
- Business
- Business Upturn
Hitachi Energy wins order from Power Grid to supply 30 units of 765 kV, 500 MVA single-phase transformers
Hitachi Energy India Limited has secured a significant order from Power Grid Corporation of India Limited (POWERGRID) to supply 30 units of 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers, marking a major step in India's push toward a more sustainable and robust energy future. As India accelerates its energy transition—driven by increased renewable energy integration and widespread electrification—the demand for power transformers has grown rapidly, rising at a rate of 15% per year over the past two years. This order reflects the industry's shift from short-term project planning to long-term infrastructure programs aimed at strengthening the national grid. The 765 kV UHVAC transformers play a critical role in enhancing grid efficiency, reliability, and security. Once operational, these transformers will support power transmission equivalent to the average electricity consumption of 30 million Indian households, while also reducing transmission losses, lowering operational costs, and improving access to affordable electricity. Manufactured at Hitachi Energy India's facility in Maneja, Vadodara (Gujarat), the transformers will align with POWERGRID's transmission expansion timelines and contribute to Make in India efforts. This local production underscores the company's commitment to supporting India's self-reliant energy manufacturing goals. In a parallel global achievement, Hitachi Energy recently completed successful testing of the world's first 765-kV/400-kV, 250 MVA natural ester-filled transformer. The use of biodegradable ester oil enhances fire safety and sustainability, setting new benchmarks in green power grid solutions. Ahmedabad Plane Crash 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
