Hitachi Energy India has released a statement regarding the utilization of proceeds from its Qualified Institutional Placement (QIP) for the quarter ended September 30, 2025. The company confirms that there have been no major deviations in the use of funds, compared to the objects stated in the placement document dated March 13, 2025. The report outlines the allocation and utilization of funds towards capital expenditure and working capital requirements.
QIP Proceeds Utilization
Hitachi Energy India has provided an update on the utilization of funds raised through its Qualified Institutional Placement (QIP) for the quarter ending September 30, 2025. The company confirms that the use of these funds aligns with the objectives outlined in the placement document dated March 13, 2025.
Capital Expenditure
Out of an originally allocated Rs. 1,513.28 Crores for capital expenditure requirements, Rs. 50.33 Crores has been utilized during this quarter. These funds were allocated to support capacity increase, equipment additions, and civil works.
Working Capital
An amount of Rs. 350.00 Crores was originally allocated for working capital requirements. As of September 30, 2025, no amount has been utilized for this purpose during the reported quarter.
General Corporate Purposes
No funds from the allocation of Rs. 613.01 Crores towards general corporate purposes have been utilized during the reported quarter.
Summary of Funds Utilized
As of September 30, 2025, a total of Rs. 50.33 Crores has been utilized out of the total funds available from the QIP.
Source: BSE
