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Hitachi Energy India Limited ( (IN:POWERINDIA) ) has provided an update.
Hitachi Energy India Ltd. has announced a significant investment of INR 300 crores to expand its Mysuru facility, aiming to double its capacity to produce essential transformer insulation materials. This expansion, part of a larger INR 2,000 crore investment plan, will establish the world’s first fossil-free production line, enhancing the company’s sustainability efforts and addressing the global shortage of transformer components. The project, expected to be completed by 2027, will strengthen Hitachi Energy’s position in the energy sector by supporting India’s energy infrastructure and meeting the demands of international markets.
More about Hitachi Energy India Limited
Hitachi Energy India Limited operates in the energy sector, focusing on providing high-quality transformer insulation materials. The company is known for its innovative solutions in power and distribution transformers, aiming to support the growing global demand for sustainable energy solutions.
Average Trading Volume: 7,599
Technical Sentiment Signal: Buy
Current Market Cap: 873.9B INR
See more insights into POWERINDIA stock on TipRanks’ Stock Analysis page.