Business Standard

Hitachi Energy India

Tata Hitachi has localisation as top priority, to invest Rs 200cr in FY25

Tata Hitachi Construction Machinery on Tuesday announced that it would invest Rs 200 crore in its two manufacturing plants to stay ahead of the curve in quality, innovation and localisation. The company, a 40:60 joint venture between Tata and Hitachi of Japan, aims at ramping up localisation levels to 70 per cent over the next 2-3 years, its Managing Director Sandeep Singh said. The company plans to produce 60-tonne dump trucks in India, leveraging technology from Hitachi Canada, primarily used for the mining industry, he said. Additionally, the company intends to introduce more models in India as part of the 'Atmanirbhar' (self-reliant) policy started long back, the official said. "We will invest a total of Rs 200 crore in our two plants in West Bengal's Kharagpur and Dharwad in Karnataka. This will help us stay at the forefront of innovation and increase self-reliance (Atamnirbharta) to 70 per cent in 2-3 years from the current 65 per cent," Singh said. The company is celebratin

Tata Hitachi has localisation as top priority, to invest Rs 200cr in FY25
Updated On : 02 Jul 2024 | 6:35 PM IST

Hitachi Energy surges 5% on bagging new work order worth Rs 790 cr

Hitachi Energy's shares zoomed up to 5.3 per cent at Rs 12,220 per share on the BSE in Tuesday's intraday trade

Hitachi Energy surges 5% on bagging new work order worth Rs 790 cr
Updated On : 25 Jun 2024 | 12:14 PM IST

Stocks to Watch, May 22: Apollo Tyres, Biocon, Gulf Oil, Ircon Int'l

European markets closed on a negative note, with Germany's DAX falling 0.22 per cent and the UK's FTSE dropping 0.09 per cent

Stocks to Watch, May 22: Apollo Tyres, Biocon, Gulf Oil, Ircon Int'l
Updated On : 22 May 2024 | 8:09 AM IST

Hitachi Energy India Q4 results: Net profit rises 124% to Rs 113.7 crore

Hitachi Energy India on Tuesday posted a 123.7 per cent growth in net profit to Rs 113.7 crore in the March quarter mainly on the back of higher revenues. The company had posted a net profit of Rs 50.8 crore in the same quarter a year ago, Hitachi Energy said in a statement. The company delivered strong revenues of Rs 1,699.2 crore, up 27.2 per cent year-on-year from Rs 1,336.3 crore in the year-ago period. This (revenue growth) was a result of solid order execution, reflecting a diverse revenue mix and focus on continuous improvement in operations, it said. The board of directors has recommended a final dividend of Rs 4 per share of face value of Rs 2 each, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). In the March quarter, the orders totalled Rs 1,406.7 crore, up 11.5 per cent from Rs 1,262 crore a year ago. "A strong revenue performance, helped by a favourable external environment helped to deliver double digit margins," Hitachi Energy In

Hitachi Energy India Q4 results: Net profit rises 124% to Rs 113.7 crore
Updated On : 21 May 2024 | 7:56 PM IST

Q4 results today: BHEL, NMDC among 115 firms to release earnings on May 21

Company results Q4 FY24: JK Tyre & Industries, Religare Enterprises, and Hitachi Energy India are poised to release the financial report for the fourth quarter today

Q4 results today: BHEL, NMDC among 115 firms to release earnings on May 21
Updated On : 21 May 2024 | 10:21 AM IST

Hitachi Energy shares hit 52-week high on expansion plans

Venu Nuguri, the managing director and CEO of Hitachi Energy's India unit, disclosed plans to potentially establish a GCC in Hyderabad and Pune within the next six months to a year

Hitachi Energy shares hit 52-week high on expansion plans
Updated On : 25 Apr 2024 | 2:33 PM IST