Hitachi Energyregisters 12 per cent growth inprofits

Hitachi Energy India Limited has recorded a total income of Rs 11.38billion for the quarter ended December 2021, an increase of 9per cent over Rs 10.44billion recorded in the same quarter of previous year.

The company’s net profit has increased by 12.18 per cent to Rs 617 million in the quarter ended December 2021 from Rs 550 million during quarter ended December 2020.In the quarter ending December 2021, Hitachi Energy received orders worth Rs 9.31 billion, an increase of 12.7 percent over Rs 8.26 billion recorded in the same quarter of previous year. The increase in order of the company is driven by the utilities and the transportation sectors. The company won major orders from leading power players toward solar and wind projects as well as toward Indian Railways’ electrification.

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