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India a keystone for Hitachi Energy supply chain amid global power crunch: CEO

Hitachi Energy India is in focus.

· LiveMint Companies

Hitachi Energy CEO Andreas Schierenbeck said rising demand from data centres and the shift from oil and gas to electricity across industries have intensified industrial power needs in recent years, creating a mismatch between supply and demand.

Against that, the stock is +0.8% on the day at ₹28,990.00, and has returned -13.6% over three months. It sits 25% below its 52-week high. The power sector has moved -13.3% over the same period, so Hitachi Energy India is running 0.3 points behind its peers.

For Hitachi Energy India, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.

  • The company directly in focus is POWERINDIA.
  • Sector exposure: Power.