Quarterly Updates13 May 2026, 07:21 pm
Hitachi Energy India: No QIP Proceeds Deviation in Q1 FY26
AI Summary
Hitachi Energy India Ltd reports no deviation or variation in the use of proceeds raised through its Qualified Institutional Placement (QIP) as of March 31, 2026. The QIP, which raised ₹2,520.82 Crores (Gross proceeds) on March 13, 2025, was reviewed by the Audit Committee on May 11, 2026. Funds were allocated to capital expenditure (₹1,513.28 Crores), working capital (₹350.00 Crores), and general corporate purposes (₹613.01 Crores), with ₹469.66 Crores utilized for capital expenditure during the quarter.
Key Highlights
- No deviation in QIP proceeds usage for quarter ended March 31, 2026.
- QIP raised ₹2,520.82 Crores (Gross proceeds) on March 13, 2025.
- ₹469.66 Crores utilized for capital expenditure during the quarter.
- Audit Committee reviewed the QIP on May 11, 2026.
- Monitoring Agency for QIP is Crisil Ratings Limited.
Price Impact
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