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Green energy stock jumps 9% after it receives order from Powergrid to transmit renewable energy

Green energy stock partners with BHEL on a 1,200 km HVDC project enhancing India’s 6,000 MW renewable capacity, promoting clean energy and grid stability aligned with India's Net Zero goals.
Green energy stock and BHEL drive a 1,200 km HVDC project, advancing India's renewable energy goals.
Green energy stock and BHEL drive a 1,200 km HVDC project, advancing India's renewable energy goals.

Introduction:

Green energy stock partners with BHEL for a 1,200 km HVDC link from Gujarat to Nagpur, enhancing India’s 6,000 MW renewable capacity. This initiative supports clean energy goals and strengthens grid stability, aligning with India’s Net Zero ambitions.

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Share Price movement of Hitachi Energy India Ltd: 

On November 26, 2024, Hitachi Energy India Ltd (NSE: POWERINDIA) opened at ₹12,389.90 and peaked at ₹12,812.00. Currently stock is trading at ₹12,410.10, up 9% from the previous close of ₹11,664.85, reflecting strong investor confidence. The market cap reached ₹52,596.08 crore.

Hitachi Energy India Ltd share price rise after it receives new order:

Hitachi Energy India and BHEL have been tasked by Power Grid Corporation of India Ltd to construct an HVDC link for transmitting renewable energy from Gujarat’s Khavda to Nagpur, Maharashtra. Spanning 1,200 km, this link will support 6,000 MW, significantly boosting India’s 500 GW renewable energy capacity.

This initiative leverages advanced HVDC technology, supporting India’s clean energy goals by enabling efficient long-distance power transfer and grid integration. It marks significant progress in deploying technology that supports renewable energy and grid stability, reflecting Hitachi’s commitment to India’s energy sector.

As Hitachi celebrates 70 years of HVDC technology, which plays a pivotal role in global renewable integration, this project also aligns with India’s Net Zero ambitions. It incorporates innovative power solutions to ensure grid resilience and adaptability, highlighting ongoing advancements in energy transmission technology.

Also Read: Enviro Infra Engineers Limited Day 3: Check GMP, Price Band, Allotment Dates Here

Recent news About Hitachi Energy India Ltd:

On November 18, 2024, Hitachi Energy India Ltd announced the successful installation of India’s first STATCOM at a 400kV substation, enhancing grid stability and enabling higher penetration of renewable energy into the national grid.

Stock performance of Hitachi Energy India Ltd for Period of 1 week, 6 months and 1 year:

Over the past week, Hitachi Energy India Ltd’s stock dipped slightly by 0.59%. However, in the last six months, the stock has seen a rise of 9.44%. Impressively, over the past year, it has surged by 141%, reflecting strong long-term growth and investor confidence.

Also Read: C2C Advanced Systems Limited Day 3: Check GMP, Price Band, Allotment Dates Here

Shareholding pattern of Hitachi Energy India Ltd:

All values in %Sep-24Jun-24Mar-24
Promoters757575
FII5.15.023.48
DII8.998.549.74
Retail & others10.8911.4311.77
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About Hitachi Energy India Ltd:

Hitachi Energy India Ltd specializes in power and automation technologies that drive utility and industry performance. The company focuses on pioneering technologies, including HVDC and power electronics, to support India’s renewable integration and energy transition towards achieving its ambitious Net Zero goals.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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