INSUBCONTINENT EXCLUSIVE:
The investment of Rs 2,000 crore will be made over a period of 4-5 years towards building capacity of large and small power transformers,
and dry and traction transformers, MD-CEO said1 min read Last Updated : Oct 07 2024 | 4:53 PM IST
Switzerland-based technology player
Hitachi Energy has plans to invest Rs 2,000 crore over the next 4-5 years in India, a company official said on Monday.
The investments
will be made towards expanding capacity of transformers, talent base and increasing portfolio, N Venu, MD-CEO, India and South Asia, Hitachi
energy India said.Click here to connect with us on WhatsApp
Hitachi Energy India is an arm of Hitachi Energy.
The investment of Rs 2,000
crore will be made over a period of 4-5 years towards building capacity of large and small power transformers, and dry and traction
transformers, he said.
Besides, the investment will be towards building capacity of insulation and components, strengthening the company's
sectors like industries, utilities, transportation, Venu said.
He said the company intends to invest Rs 400 crore every year up to 5 years
On the funding, Venu said the company is looking all options, including fund raising from the markets.(Only the headline and picture of this
report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First
Published: Oct 07 2024 | 4:53 PMIST
