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Hitachi Energy India Secures Rs 790 Crore For Marinus Link Project

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Hitachi Energy India secures a Rs 790 crore order from Hitachi Energy Australia to supply HVDC Light based on VSC technology for the Marinus Link project, boosting India’s export connectivity.

On June 25, Hitachi Energy India Limited announced it received an order worth Rs 790 crore from its fellow subsidiary, Hitachi Energy Australia Pty Ltd. The order is scheduled to be executed over four years, and the project cost is set at Rs 790 crore.

The order is to develop high-voltage direct current (HVDC) links between Tasmania and Victoria. The firm executes project Marinus Link through this deal, creating voltage source converter (VSC) HVDC links between Tasmania and Victoria to supply specific equipment.

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Marinus Link, a project of paramount importance for Australia’s energy ecosystem, is set to play a pivotal role. Hitachi Energy India’s contribution to this significant initiative, by supplying HVDC Light based on VSC technology, underscores the strategic value of this achievement.

These links are essential for executing another project, the Burnie Converter Station and Latrobe Valley Converter Station. Certain equipment will be delivered from the company’s factory in India. 

Aligned with the National Energy Policy 2023-24, the expansion plan for the transmission circuit and network is a testament to Hitachi Energy India’s commitment to enhancing the country’s energy infrastructure. This commitment extends to supporting the integration of renewable energy sources, a crucial aspect of the government’s energy strategy.

Hitachi Energy India, the world’s leading provider of grid connections and power quality solutions, boasts an installed base of over 10,000 projects worldwide, with over 800 connecting renewable energy sources to the grid. 

Under the legal entity name Hitachi Energy India (formerly ABB Power Products and Systems India), the company has demonstrated significant growth. In Q4 FY24, Hitachi Energy India’s robust performance, with a 123.69% jump in net profit to Rs 113.66 crore and a 27.08% increase in revenue from operations to Rs 1,695.28 crore compared to Q4 FY23, reaffirms the company’s strong market presence and growth trajectory, instilling confidence in its capabilities.

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