Hitachi Energy India Reports 124% Surge in Q4 Profit

22 May 2024 CW Team

Hitachi Energy India Limited announced a remarkable 124% year-over-year increase in its Profit After Tax (PAT) for the fourth quarter of FY24, reaching ?1137 million compared to ?508 million in the same period last year. This substantial growth was accompanied by a total order intake of ?14.06 billion, reflecting a quarter-over-quarter rise of 13.9% and an 11.5% increase year-over-year.

The company's revenue for the quarter ending March 31, 2024, stood at ?16.99 billion, up by 33.1% from the previous quarter and 27.2% year-over-year. Operational EBITDA for the period was ?1726 million, with an EBITDA margin of 10.2%.

For the entire fiscal year, Hitachi Energy's order intake reached ?5536.3 crore, a 14% rise excluding a major High Voltage Direct Current (HVDC) order from FY23. Annual revenue amounted to ?5246.8 billion, marking a 17% increase from the previous fiscal year.

In alignment with its 'Sustainability 2030' strategy, the company reported an 88% reduction in carbon emissions. The board recommended a final dividend of ?4 per share, pending shareholder approval at the annual general meeting.

N Venu, MD & CEO of Hitachi Energy India Ltd., credited the company's strong revenue performance to a favorable external environment and emphasized ongoing investments in renewable energy, transmission infrastructure, and electrification of transport. Hitachi Energy is strategically focusing on growth areas such as renewable energy projects, HVDC, data centers, and transport sectors to leverage expanding opportunities in India's energy sector and support the nation's energy transition.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..