Hitachi Energy edges higher on proposal to invest Rs 2000 crore for major manufacturing expansion

The investment builds on the company?s 77-year history in India and its commitment to strengthening its manufacturing footprint to support the growing demand for electricity in the country and worldwide.

According to a report by the Central Electricity Authority, India will require investments totaling Rs 7.93 lakh crore in transmission infrastructure to integrate more than 900 gigawatts (GW) of non-fossil fuel-based energy by 2035.

Against this backdrop, the growing demand for large power transformers, driven by grid expansion, data centers, and industrial electrification, creates a strong need for greater local manufacturing capacity.

Hitachi Energy?s new factory is expected to assist in meeting India?s demand for reliable, efficient, and high-quality power equipment while supporting a stronger and more self-reliant energy value chain.

The new large power transformer factory will complement Hitachi Energy India?s existing footprint of power, dry distribution and traction transformer factories in Gujarat state, and transformer insulation and components factories in Mysore and Halol.

Scheduled for completion in FY28, the new state-of-the-art transformer factory will manufacture a significant volume of power transformers annually to enable faster delivery of mission-critical grid equipment.

Once operational, it will support applications like high-voltage transmission, HVDC, power generation, AI data centers, and large-scale industrial applications.

N Venu, managing director & CEO, Hitachi Energy India, said: ?This investment reflects our confidence in India?s energy future and the country?s growing stature as a strategic manufacturing base.

By expanding our manufacturing presence, we aim to empower local communities, create skilled jobs, and deliver innovative solutions that support the country?s energy and sustainability goals.

Hitachi Energy India provides product, system, software, and service solutions across the entire power value chain. The portfolio includes an extensive range of high-voltage products, transformers, grid automation products, and power quality products and systems.

The company's standalone net profit jumped 79.71% to Rs 330.46 crore on a 47.10% increase in revenue to Rs 2,707.35 crore in Q4 FY26 as compared with Q4 FY25.

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