Hitachi Energy India shines on securing order worth Rs 790 crore

26 Jun 2024 Evaluate

Hitachi Energy India is currently trading at Rs. 11669.70, up by 244.80 points or 2.14% from its previous closing of Rs. 11424.90 on the BSE.

The scrip opened at Rs. 11599.90 and has touched a high and low of Rs. 11716.00 and Rs. 11490.45 respectively. So far 1000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 12367.90 on 16-May-2024 and a 52 week low of Rs. 3900.00 on 09-Oct-2023.

Last one week high and low of the scrip stood at Rs. 12220.05 and Rs. 10921.90 respectively. The current market cap of the company is Rs. 48420.64 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 13.19% and 11.81% respectively.

Hitachi Energy India has received an order valued around Rs 790 crore from Hitachi Energy Australia Pty, a fellow subsidiary of the Company towards execution of Project -- Marinus Link -- Voltage Source Converter (VSC) High Voltage Direct Current (HVDC) links between Tasmania and Victoria for supply of certain equipment for execution of the project - Burnie Converter Station and Latrobe Valley Converter Station. The order is scheduled to be executed over a period of four years.

Marinus Link Pty selected Hitachi Energy to supply a HVDC project in Australia. Hitachi Energy will supply its HVDC Light VSC stations for the project. Delivery of certain equipment will be executed from the Company’s factory in India. Marinus Link is a project of national significance for Australia. It will play a fundamental role in Australia’s energy ecosystem, and the Company will play a crucial role in supporting it.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all.


Hitachi Energy India Share Price

13823.00 127.25 (0.93%)
31-Oct-2024 16:01 View Price Chart
Peers
Company Name CMP
Havells India 1640.00
Siemens 6990.00
Apar Inds 10036.70
Waaree Energies 2716.50
ABB India 7450.00
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