Toshiba Group announced it will invest over ₹500 crore (10 billion Japanese yen) to increase the production of power transmission and distribution equipment in India. Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) plans to boost its manufacturing capacity for power and distribution transformers by 1.5 times over three years from FY2024 to FY2026.
Hiroshi Furuta, Chairperson and Managing Director of TTDI, stated, “This investment supports our commitment to make-in-India and export-from-India. It will improve operational efficiency, speed-to-market, and expand our business in India and overseas.”
With this investment, TTDI will enhance its assembly and test lines for transformers used in transmission grids and distribution networks. It will also upgrade its testing capacity for power transformers, aiming to expand exports and meet the high demand for 400kV/765kV transformers in India.
Additionally, TTDI will expand its distribution transformer production by creating a dedicated facility for CRGO (Cold Rolled Grain Oriented) steel processing, reducing lead time and improving quality and safety.
A new manufacturing facility for surge arresters will be built in the first half of FY24, with products available by the second half of the year. TTDI provides innovative and reliable technologies for the renewable energy sector, including photovoltaic (PV) inverters, power transformers, gas-insulated switchgear (GIS), and inverter duty transformers.
The company also focuses on enhancing GIS, transformers, control relay, and substation automation system solutions for renewable energy, data centers for smart cities, and industries like petrochemical plants, refineries, and railways.
