POWERINDIANSEHitachi Energy India LimitedMinimalNeutral
Announced Thu, 24 Jul · 16:48 IST

Hitachi Energy India Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the financial year 2024-25'.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Hitachi Energy India has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 with the stock exchanges, as required under SEBI's listing rules. The report covers the company's environmental, social, and governance (ESG) performance on a standalone basis, with reasonable assurance provided by SGS India. Key business highlights include revenue of ₹6,384.93 crore, a net worth of ₹4,214.11 crore, and operations spanning 8 manufacturing plants and 12 offices in India, serving 70+ countries with exports making up 27% of turnover. The company employs around 2,013 permanent employees and 1,144 workers, with female representation at 12% among employees and 33% on the board. Major material issues identified include health and safety, climate change, carbon neutrality, innovation, responsible sourcing, human rights, and cybersecurity. The report also details sustainability targets for 2030, including a 50% reduction in CO2 emissions, 50% reduction in waste, and increasing female diversity to 16-20% from the current 5.8% (2019 baseline). Hitachi Energy Ltd. holds a 71.31% stake as the parent company.

Likely market impact

This is a routine regulatory compliance filing with no direct impact on stock price, but it signals the company's commitment to ESG transparency. Investors should note the company's progress on sustainability goals, its strong global backing from Hitachi Energy Ltd., and continued focus on the power and energy sector transformation.