Hitachi Energy shares rise 4% on plans to invest ₹2,000 crore for Vadodara power transformer factory

At around 12:32 PM, the stock stood at ₹34,050 per equity share, marking a 2.41% increase. The scrip has lost 8% in the past week but risen more than 5% over the month. On a year-to-date basis, it has advanced 84%.

While the share reached a 52-week high of ₹38,785 apiece on June 1, 2026, it touched a year’s low of ₹16,111 on January 16, 2026.

The company said that it is investing approximately ₹2,000 crore to establish a new Large Power Transformer (LPT) factory in Karjan, Vadodara, according to a regulatory filing.

The factory is scheduled for completion in FY28 and will manufacture a significant volume of power transformers annually to enable faster delivery of mission-critical grid equipment.

Once operational, it will support applications like high-voltage transmission, high-voltage direct current (HVDC), power generation, AI data centers, and large-scale industrial applications.

The factory will feature advanced technologies and the “highest health, safety, and sustainability standards”, ensuring efficient and environmentally responsible operations.

The Vadodara factory is planned as a LEED-certified site, with a strong focus on energy efficiency, responsible resource use, and reduced environmental impact.

Developed as a fully digital system, it will integrate smart manufacturing technologies and end-to-end digital connectivity to enable data-driven operations, enhance quality and productivity, and ensure consistent and high-performance delivery, the filing read.

Hitachi Energy India had previously received board approval for the investment to set up the greenfield large power transformers facility during its earnings for the fourth quarter of the 2025-26 financial year (Q4 FY26).

Commenting on the development, N Venu, Managing Director & CEO of Hitachi Energy India, said: “This investment reflects our confidence in India’s energy future and the country’s growing stature as a strategic manufacturing base. By expanding our manufacturing presence, we aim to empower local communities, create skilled jobs, and deliver innovative solutions that support the country’s energy and sustainability goals.”

The project is expected to create more than 1,000 direct and indirect jobs, supporting local economic development and skills advancement, the filing read.

“India is one of the fastest-growing energy markets globally. This new factory will strengthen our ability to serve customers locally while contributing to the nation’s self-reliance and infrastructure development,” said Bruno Melles, CEO, Transformers Business Unit of Hitachi Energy.

Q4 results

Hitachi Energy India reported a 79.7% year-on-year (YoY) surge in its consolidated net profit to ₹330.5 crore for Q4 FY26, compared with ₹183.9 crore in the corresponding quarter of the preceding fiscal year.

Its revenue from operations stood at ₹2,7541 crore during the reporting quarter, reflecting a 46.2% YoY jump from ₹1,883.7 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

Hitachi Energy India has a total market capitalisation of ₹1.51 lakh crore as of June 12, 2026, according to data on the NSE.