Hitachi Energy India Limited — Others, 30-07-2025: Monitoring Agency Report

Hitachi Energy India received a monitoring report on its Qualified Institutional Placement (QIP) proceeds for the latest quarter. The company successfully raised net proceeds of Rs 2,476.29 crore. The report confirms that fund utilization aligns with stated objectives, showing no deviation. During the quarter, Rs 24.58 crore was utilized for capital expenditure, supporting capacity increase, equipment, and civil works. No funds were utilized for working capital or general corporate purposes in this period. The substantial unutilized amount of Rs 2,451.71 crore remains invested in fixed deposits, ensuring financial readiness for future strategic expansions and operational needs.