The Toshiba Group of Japan intends to increase its capacity for manufacturing power transmission and distribution equipment in India by investing an additional 10 billion Japanese yen, or more than Rs 500 crore.
According to a corporate release, over a three-year period from FY2024 to FY2026, Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) would enhance its capacity for producing power transformers and distribution transformers by nearly 1.5 times compared to FY2023.
For the renewable energy industry, TTDI provides a variety of technologies, such as gas-insulated switchgear (GIS), power transformers, inverter duty transformers, and photovoltaic (PV) inverters.
Hiroshi Furuta, Chairperson and Managing Director of TTDI, stated, “The new investment will improve operational efficiency, increase speed-to-market, and support in expanding our business in India and overseas, furthering our commitment to make-in-India and export-from-India.”
With this investment, TTDI will be able to build and test more distribution transformers and power transformers for distribution networks and transmission grids.
According to the company, increased power transformer testing capacity would be a major improvement intended to boost exports and satisfy the growing demand for 400kV/765kV transformers in the Indian market.
The company stated that the purpose of the distribution transformer expansion is to improve the vertical integration facility by building a dedicated space for the processing of cold-rolled, grain-oriented steel. This will help the company cut down on process lead times and improve quality and safety.
Additionally, TTDI is concentrating on improving GIS, transformers, control relays, and substation automation system solutions for use in smart city data centers, the renewable energy sector, and industry sectors like petrochemical facilities, refineries, and railroads.
