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Hitachi Energy has been working closely with Ayana Renewables for this project to co-create an optimized solution that meets the safety, quality and technical requirements of Solar Energy Corporation of India, the end-user of the renewable plant.

Leveraging its strong local footprint and expertise in project design and execution, Hitachi Energy will provide an engineering, procurement and construction management package that collects all the power generated by the plant and transfers it into the national transmission system safely and reliably. The project is scheduled to be commissioned in March 2024.

N Venu, managing director and CEO, India and South Asia, Hitachi Energy, said, This project from Ayana Renewable Power is another step towards an integrated renewable energy system. This is where a robust integrated renewable energy system plays a crucial role in connecting all dots, to address the growing energy needs sustainably.

Hitachi Energy India is the world's leading provider of grid connections and power quality solutions, with an installed base of more than 10,000 projects worldwide, over 800 of which connect renewable energy sources to the grid. In India, Hitachi Energy operates under the legal entity name Hitachi Energy India (formerly known as ABB Power Products and Systems India).

The company's standalone net profit jumped 79.9% to Rs 2.41 crore on 4.7% increase in net sales to Rs 1004.17 crore in Q1 FY24 over Q1 FY23.

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Net profit of Hitachi Energy India rose 79.85% to Rs 2.41 crore in the quarter ended June 2023 as against Rs 1.34 crore during the previous quarter ended June 2022. Sales rose 4.66% to Rs 1004.17 crore in the quarter ended June 2023 as against Rs 959.45 crore during the previous quarter ended June 2022.

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Hitachi Energy India will hold a meeting of the Board of Directors of the Company on 25 July 2023.

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Hitachi Energy India announced that the Annual General Meeting (AGM) of the company will be held on 17 August 2023.

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