• Order backlog growth: Hitachi Energy achieved 68% revenue growth in Q1 and holds a record order backlog of ₹32,000 crore across transmission, renewables, data centers, and energy storage.
• HVDC tender pipeline: The company has submitted a bid for the 6 GW Barmer HVDC project, a high five-digit crore order expected to conclude within three to six months.
• Capital expenditure plan: An investment of ₹4,000 crore is underway across high voltage, HVDC, automation, and transformers, including ₹1,600 to ₹2,000 crore for a 30,000 MVA greenfield transformer plant in Karjan commissioning by 2028 with a targeted 3 to 5 times asset turnover.
• Battery storage expansion: The company won a 160 MW order from a commercial and industrial client on a 6-to-7-month delivery timeline to capture India's projected 80 GW battery energy storage requirement through 2030.
• Export revenue share: Domestic demand remains the primary focus, with management projecting export contributions to stay within the 25% to 30% range.