Hitachi Energy India Limited — Credit Ratings, 18-10-2024: Credit Rating

Hitachi Energy India Limited’s credit ratings have been reaffirmed by CRISIL Ratings. The long-term rating remains at CRISIL AAA with a stable outlook, while the short-term rating is CRISIL A1+. The company’s strong market position, robust financial profile, and anticipated investment of INR 2,000 crore for capacity expansion and product diversification support this rating. Despite challenges from raw material price volatility and intense competition, the outlook remains stable due to healthy liquidity and strong order inflow.