Hitachi Energy India Limited has informed the Exchange about Chairman' Speech of the 6th Annual General Meeting of the Company held today i.e., on August 20, 2025
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Hitachi Energy India held its 6th AGM on August 20, 2025 in Bengaluru, where all 7 resolutions were passed with requisite majority (over 99% approval in most cases). The Chairman, Mr. Achim Michael Braun, highlighted the company's 75 years of operations in India and outlined five strategic imperatives: strengthening core businesses (transformers, switchgear, grid automation), expanding into high-growth segments (renewables, HVDC, data centers, e-mobility), accelerating digital transformation, deepening lifecycle services (a new Services business unit launched April 1, 2025), and pursuing innovation, partnerships and M&A. The company recently raised Rs 2,520.82 crore via a Qualified Institutional Placement (QIP) to fund capacity expansion and working capital for mega projects including HVDC. The Chairman also noted India's power sector growth, with peak demand of 250 GW met, 33.24 GW of new generation capacity added (85% renewable), and government's plan to add 500 GW renewable capacity by 2030 with Rs 9.16 lakh crore in transmission investment. Statutory and Secretarial Auditor reports contained no qualifications. A dividend was declared.
The QIP fundraise and emphasis on high-growth segments like HVDC, data centers, and renewables signal capacity-led growth ahead. All resolutions passing cleanly with strong shareholder support (no contentious votes) reflects stable promoter (71.31%) backing and alignment on strategy. No negative surprises in auditor reports are reassuring for shareholders.