New Orders Boost Growth for Hitachi Energy, Ircon International, and Western Carriers
In a series of significant developments, several companies have announced the receipt of major new orders, highlighting their expanding roles in key sectors such as energy, infrastructure, and logistics. Here’s a detailed look at the latest orders received by Hitachi Energy India Limited, Ircon International Limited, and Western Carriers (India) Limited.
Hitachi Energy India Limited Secures Major HVDC Project
Hitachi Energy India Limited has received a Letter of Intent (LOI) from Rajasthan Part I Power Transmission Limited for a landmark project. The order involves the design and execution of a High Voltage Direct Current (HVDC) link as part of a consortium with Bharat Heavy Electricals Limited (BHEL). This project aims to transmit renewable energy from Bhadla III in Rajasthan to Fatehpur in Uttar Pradesh.
The scope of the project includes the establishment of a 6000 MW HVDC LCC terminal station at both Bhadla and Fatehpur. This will feature a +800 kV HVDC LCC terminal station (4X1500 MW) along with associated AC substations. The project, awarded by a domestic entity, is expected to be executed over multiple years. Notably, the promoter group of Hitachi Energy India Limited has no interest in Rajasthan Part I Power Transmission Limited, and the order does not involve any related party transactions.
This project underscores Hitachi Energy’s commitment to advancing India’s renewable energy infrastructure and supporting the nation’s transition to sustainable energy sources.
Ircon International Limited Awarded Kavach Project
Ircon International Limited (IRCON) has been awarded a Letter of Acceptance (LOA) by Central Railway for a critical infrastructure project. The order involves the supply, installation, testing, and commissioning of 665 Towers for Kavach, along with associated works across the Central Railway network.
The project, classified as a works contract, is valued at Rs. 194.45 crore and is to be completed within 14 months from the date of the LOA. Like Hitachi Energy’s order, this project is also from a domestic entity, and the promoter group of Ircon International has no interest in Central Railway. The order does not fall under related party transactions.
This project highlights Ircon’s expertise in executing large-scale infrastructure projects and its role in enhancing railway safety and efficiency through the Kavach system.
Western Carriers (India) Limited Bags Rs. 1089 Crore Logistics Order
Western Carriers (India) Limited has secured a significant work order from Vedanta Limited for logistics services, including railway transportation, CHA (Customs House Agent) services, and other related activities. The order, valued at approximately Rs. 1089 crores, is set to be executed over a period of 4 years.
The work order, awarded by a domestic entity, further solidifies Western Carriers’ position as a key player in the logistics and transportation sector. The promoter group of Western Carriers has no interest in Vedanta Limited, and the order does not involve any related party transactions.
This order reflects the growing demand for efficient logistics solutions in India and Western Carriers’ ability to meet the needs of large-scale industrial clients.
