Hitachi Energy India Limited — New Orders, 25-11-2024: Bagging/Receiving of orders/contracts

Power Grid Corporation of India Ltd has awarded Hitachi Energy India Limited, in partnership with Bharat Heavy Electricals Limited (BHEL), a significant contract to design and execute a high voltage direct current (HVDC) link. This link, rated at ±800 kV and 6,000 MW, will transmit renewable energy from Khavda in Gujarat to Nagpur in Maharashtra. The project spans over 1,200 kilometers and is pivotal for India's goal of integrating 500 GW of renewable energy into the grid. The scope includes crucial infrastructure components like converter transformers and gas-insulated high-voltage switchgear. This awarded contract reinforces Hitachi Energy's commitment to advancing India's energy transition and enhancing its renewable energy capacity, aligning with the nation’s net-zero objectives. Investors should view this development as a potential growth catalyst, given the increasing focus on renewable energy projects in the country.