Hitachi Energy edges higher on proposal to invest Rs 2000 crore for major manufacturing expansion
Mumbai, June 12 -- 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 ...
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