The order is to design and execute the 800kV, 6,000 MW, 1,200 km Excessive Voltage Direct Present (HVDC) terminal stations to evacuate renewable power from Khavda in Gujarat to Nagpur in Maharashtra, the corporate submitting mentioned.
This undertaking is a part of the interstate transmission system (ISTS) for evacuating 8 GW of renewable power beneath Part V: Half A from the Khavda Renewable Vitality Zone in Gujarat, feeding into the nation’s 500 GW renewable evacuation and transmission plan.
Anticipated to be executed by 2029, the undertaking crosses 1,200 km and feeds right into a 500 GW renewable evacuation and interstate transmission system. The order was awarded by Energy Grid Company of India on behalf of its Venture SPV (particular function car) firm.
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The undertaking, with an estimated worth of Rs 25,000 crore, is predicted to be executed by 2029, brokerage Nuvama Institutional Equities mentioned, including that it expects Hitachi Vitality’s share of ordering influx to be between Rs 4,000 crore to Rs 6,000 crore.
“We consider sturdy execution by FY26–27, given all-time excessive OB, coupled with OPMs recovering to about 14% by FY27 (versus friends already at 18–20%). We additionally bake in optionality of two HVDC order inflows (Rs 4,000-6,000 crore every), over FY25–26,” the brokerage mentioned.
Nuvama Institutional Equities retained a ‘Purchase’ score on Hitachi Vitality’s inventory, including that “Hitachi Vitality is sitting on its highest-ever backlog of Rs 8,910 crore offering sturdy income visibility over the subsequent about 24–26 months having Adani HVDC price Rs 2,000-2,200 crore beneath its belt.”
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(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Instances)
