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Hitachi Energy wins ~INR 160 cr order from MP Power Transmission Package-II Limited
Posted On : 2022-04-21 13:40:46( TIMEZONE : IST )
Hitachi Energy India Ltd. has won an order worth about INR 160 crore from MP Power Transmission Package-II Limited, a project-specific business to strengthen the transmission system in the rural area of Madhya Pradesh to increase capacity and improve reliability of the power infrastructure in the region. The order was booked in the January to March quarter.
The order for nine grid connections will strengthen a power transmission network spanning more than 1,000 kilometers of overhead lines across nine rural districts of Madhya Pradesh. The state has increased its momentum to reach a target of 12 GW of renewable energy generation capacity by 2025 - through utility-scale solar, wind and hybrid installations as well as rooftop solar.
"As more people get connected to the grid, electricity will form the backbone of the entire energy system, driven by a higher share of renewable energy" said N Venu, Managing Director and CEO, Hitachi Energy India Ltd." Reliable transmission and digitalization of the power network will be crucial to ensure a sustainable energy future.
"Through these projects, we are pleased to be regarded as a trusted partner of choice to advance a sustainable energy transition. At Hitachi Energy we are committed to the accelerated electrification, digitalization and decarbonization of the world's energy systems," he added.
Hitachi Energy is the world's leading provider of grid connections and power quality solutions, with an installed base of more than 10,000 projects worldwide, over 800 of which connect renewable energy sources to the grid.
Shares of ABB Power Products and Systems India Limited was last trading in BSE at Rs. 3303.00 as compared to the previous close of Rs. 3322.40. The total number of shares traded during the day was 4538 in over 969 trades.
The stock hit an intraday high of Rs. 3457.40 and intraday low of 3258.00. The net turnover during the day was Rs. 15036002.00.
