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The latest announcement is out from Hitachi Energy India Limited ( (IN:POWERINDIA) ).
Hitachi Energy India Limited, in partnership with Bharat Heavy Electricals Limited, has entered into a novation agreement with AESL Projects Limited. This agreement transfers the obligations of Rajasthan Part I Power Transmission Limited to AESL Projects Limited for the execution of a high voltage direct current (HVDC) link project. The project aims to transmit renewable energy from Bhadla III in Rajasthan and Fatehpur in Uttar Pradesh. The novation agreement ensures that all rights and obligations under the original contracts are assumed by AESL Projects Limited, maintaining the project’s continuity and alignment with previous terms.
More about Hitachi Energy India Limited
Hitachi Energy India Limited operates in the energy sector, focusing on providing high voltage direct current (HVDC) solutions and other energy-related services. The company collaborates with partners to design and execute projects that enhance renewable energy transmission.
Average Trading Volume: 6,753
Technical Sentiment Signal: Buy
Current Market Cap: 956.8B INR
For an in-depth examination of POWERINDIA stock, go to TipRanks’ Overview page.