Hitachi Energy India shares soared by 8% following the announcement of a significant contract win in partnership with Bharat Heavy Electricals Limited (BHEL). The consortium has been awarded a project by Power Grid Corporation of India Ltd (PGCIL) to establish two high-voltage direct current (HVDC) terminal stations as part of the Khavda Renewable Energy Zone Phase V initiative.
This project aims to bolster renewable energy evacuation, connecting Khavda in Gujarat to Nagpur in Maharashtra. The contract underscores Hitachi Energy’s pivotal role in advancing India’s renewable energy infrastructure, sparking positive investor sentiment.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
