Hitachi Energy India powers ahead with record order book

Hitachi Energy India (NSE: POWERINDIA), the local arm of Japan’s Hitachi Ltd (TYO: 6501), has secured a surge in orders in the third quarter of fiscal 2025, driven by the high-voltage direct current (HVDC) project. The company has won a contract from Power Grid Corporation of India to develop the Khavda-Nagpur HVDC transmission link—an 800 kV, 6,000 MW system spanning 1,200 km. The project is designed to transport renewable energy from Gujarat’s Khavda region to Maharashtra’s Nagpur, supporting India’s energy transition goals.

The scale of this project has propelled Hitachi Energy India’s order inflows to an estimated ₹182 billion in 2025, marking a +229% year-on-year surge and reversing the previous year’s -19% decline. Revenue is projected to rise +27% year-on-year to ₹66.5 billion, while net income is expected to more than double, climbing 131% to ₹3.8 billion.