Hitachi Energy India shares jumped nearly 3% in morning trade after the company secured a key order from Power Grid Corporation of India Limited (POWERGRID). As of 10 AM, the shares were trading 2.88% higher at Rs 20,000.00.
The deal involves the supply of 30 ultra-high-voltage 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers. These units will play a vital role in strengthening India’s growing electricity network.
As the country pushes forward with its energy transition, demand for transformers has been rising steadily—reportedly growing at 15% annually. This order highlights a shift toward long-term national infrastructure planning, aimed at building a robust, future-ready grid.
The transformers, once deployed, will help transmit power to meet the average electricity needs of 30 million households. They’re also expected to cut transmission losses, reduce costs, and boost grid reliability. The equipment will be manufactured at Hitachi Energy’s Maneja facility in Vadodara, aligning with the government’s ‘Make in India’ initiative.
In a separate global development, Hitachi Energy recently completed testing the world’s first 765-kV/400-kV, 250 MVA transformer using natural ester oil—a biodegradable, fire-resistant alternative. This innovation underlines the company’s efforts in advancing safer and more sustainable grid technology.
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