Railway, e-mobility key growth drivers in India: Hitachi ABB Power Grids

Hitachi ABB Power Grids India, whose operations were impacted in the April-June 2020 quarter due to a shutdown of over 30 days, has seen its capacity returning to 90 per cent of the pre-Covid-19 level. The company has already received orders totalling 60 per cent of that in the January-March period.

The company’s order book stands at Rs 5,134 crore, with a visibility of 14-15 months. “We are taking action to mitigate production loss. Orders during the period were driven by the rail sector, utilities and exports. Eighteen per cent of the orders were for exports to countries like Indonesia, Bhutan and Nepal and some African countries,” Hitachi ABB Power Grids India Managing Director N Venu told Business Standard in an interview.