Capex of ₹700+ crore per year for FY26 and FY27
Management confirmed the capex plan of ₹700+ crore in FY26 and another ₹700+ crore in FY27, as outlined in the QIP document, with a slow start but pipeline in place.
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Hitachi Energy India · forward-looking guidance across the available source record.
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capex
Exports to remain 25-30% of orders excluding large HVDC
Management expects exports to sustain in the 25-30% range of total orders, excluding large HVDC projects, driven by a three-pronged strategy.
Data center orders to grow much faster
Data center contribution is currently high single-digit but expected to grow rapidly, driven by India's emerging demand and global export opportunities.
New transformer facility to be operational by Q4 2028
The greenfield large power transformer factory in Kutch, Gujarat, will commence production by the last quarter of calendar year 2028, adding ~30 GVA capacity.
Total cumulative capex commitment of ~₹4,000 crore
Including the previously announced ₹2,000 crore and the new ₹2,000 crore investment, total capex commitment stands close to ₹4,000 crore.
Strong pipeline in data centers and energy storage
Management highlighted a robust pipeline in data centers (India capacity expected to grow 6-9x) and battery energy storage (80 GW over 5-6 years), with Hitachi addressing 15% of data center capex.