Hitachi Energy Wins Rs 790 Crore Order for Australia HVDC Project

Jun 25, 2024 15:25

Hitachi Energy secures a Rs 790 crore order for an HVDC link project in Australia, with delivery of equipment from its India factory. The project will play a vital role in Australia's energy ecosystem.

New Delhi, Jun 25 (PTI) Hitachi Energy on Tuesday said it has bagged an order worth Rs 790 crore from a fellow subsidiary Hitachi Energy Australia Pty Ltd.

The order is scheduled to be executed over a period of four years, a BSE filing said.

According to the filing, the Hitachi Energy India Ltd has received an order valued approximately Rs 790 crore from Hitachi Energy Australia Pty Ltd towards execution of the project.

Marinus Link Pty Ltd selected Hitachi Energy to supply a high voltage direct
current (HVDC) link project in Australia.

Delivery of certain equipment will be executed from the company's factory in India, as per the filing.

The Marinus Link is a project of national significance for Australia. It will play a fundamental role in Australia's energy ecosystem, and the company will play a crucial role in supporting it, it added.

Source: PTI

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Hitachi Energy Wins Rs 790 Crore Order for Australia HVDC Project

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