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Hitachi Energy India Ltd (formerly known as ABB Power Products and Systems India Ltd.) was created in 2019 as a Joint Venture between Hitachi and ABB's Power Grids. The company serves utility and industry customers, with a complete range of engineering, products, solutions, and services in areas of Power technology.
Hitachi Energy's board approved a postal ballot for shareholder approval of material related party transactions. These transactions involve Hitachi Energy Sweden, USA, and Switzerland, marking key business developments. Final shareholder approval is required.
Hitachi Energy India's AGM passed all resolutions, including FY26 financials and dividend. The company announced a new INR 2,000 Cr investment for a transformer facility, bringing total CAPEX to INR 4,000 Cr, supported by a recent INR 2,521 Cr QIP. Employee stock plans were also approved.
At its 7th AGM, all resolutions passed, including a dividend and employee stock plans. Company plans INR 4,000 Cr capex, including INR 2,000 Cr for a new transformer facility, fueled by a prior INR 2,521 Cr QIP. This aligns with India's surging energy demand & renewable growth.