Hitachi Energy wins major power grid order

Hitachi Energy shares ended in the green after it secured an order from Power Grid Corporation of India.

The deets: Hitachi will supply 30 units of 765-kilovolt (kV), 500 megavolt-ampere single phase transformers.

These ultra-high voltage alternating current transformers are capable of handling power equivalent to the average consumption of 30 million Indian households.

This order aligns with India’s long-term strategy to modernise its power grid in response to the growing demand for reliable energy, driven by the rapid expansion of renewable energy projects and nationwide electrification efforts.