Toshiba invests Rs 5oo Cr to boost Power Equipment Production in India
Toshiba Group on Thursday said it will invest 10 bn Japanese yen (over Rs 500 crore) to increase the capacity of producing power transmission and distribution equipment in India.
Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) will increase its capacity of manufacturing power transformers and distribution transformers by about 1.5 times compared to FY2023, over three years from FY2024 to FY2026, it stated. Toshiba Group has positioned power T&D as a focused business and will invest about JPY 10 bn (over Rs 500 crore) in TTDI to expand its capacity.
Hiroshi Furuta, Chairperson and Managing Director of TTDI, emphasized the importance of this investment for India. “Toshiba is a world leader in the supply of T&D equipment for both conventional and renewable energy sources. With India established as a hub for our T&D equipment manufacturing operations and export base, TTDI has successfully supplied India-made transformers to over 50 countries. Furthering our commitment to Make-in-India and Export-from-India, the new investment will improve operational efficiency, increase speed-to-market, and support in expanding our business in India and overseas,” he stated.
The investment will enhance TTDI’s assembly and testing line capacities for distribution and power transformers, specifically targeting the high demand for 400kV / 765kV transformers in the Indian market. Additionally, TTDI plans to set up a state-of-the-art facility for Cold Rolled Grain Oriented (CRGO) steel processing, aiming to streamline processes, improve quality, and boost safety standards. A new manufacturing facility for surge arresters is also on the agenda, with commercial availability expected in the latter half of FY2024.
TTDI’s advanced technology, state-of-the-art manufacturing facilities, and highly skilled workforce ensure the production of high-quality, made-in-India T&D equipment. The company offers a variety of innovative and reliable technologies for the renewable energy sector, including Photovoltaic (PV) Inverters, Power Transformers, Gas-Insulated Switchgear (GIS), and Inverter Duty Transformers. TTDI also focuses on enhancing its product offerings for the energy sector, data centers, smart cities, and industries like petrochemical plants, refineries, and railways.
As TTDI continues to expand its manufacturing capacity, the company is poised to contribute significantly to carbon neutrality and enhance social infrastructure for electric power companies and manufacturers worldwide.
