Hitachi Energy India Limited — Others, 14-05-2025: Monitoring Agency Report

Hitachi Energy India Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company confirmed no deviation in the use of Rs 2,476.29 Cr raised through Qualified Institutional Placement. The funds are earmarked for capital expenditure (Rs 1,513.28 Cr), working capital (Rs 350 Cr), and general corporate purposes (Rs 613.01 Cr). As of the quarter end, none of the proceeds have been utilized and remain invested in fixed deposits earning about 6.6%, with no delays or adverse impacts on the planned allocation.