Press Release Toshiba Announces Investment of JPY 10 billion (over INR 500 crore) to Increase Production Capacity of Power Transmission & Distribution Equipment in India
Toshiba Announces Investment of JPY 10 billion (over INR 500 crore) to Increase Production Capacity of Power Transmission & Distribution Equipment in India
Hyderabad, July 18, 2024 - To address the growing global demand for Power Transmission & Distribution (T&D) equipment amid the global trend of renewable energy expansion, Toshiba Transmission & Distribution Systems (India) Private Limited (hereinafter "TTDI") announces that it will increase its manufacturing capacity of power transformers and distribution transformer by approximately 1.5 times compared to FY2023, over a three-year period from FY2024 to FY2026. Toshiba Group has positioned the power T&D business as a focus business and will invest approximately JPY 10 billion (over INR 500 crore*) in TTDI to expand its capacity.
Elaborating on the significance of this global announcement to India, Mr. Hiroshi Furuta, Chairperson and Managing Director, TTDI said, “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.”
With this investment, TTDI will increase its assembly and test line capacity for Distribution transformers and Power transformers for the Transmission Grids and Distribution Networks. Its enhanced testing capacity for power transformers will represent a significant upgrade in its testing capacity, specifically geared towards expanding exports of power transformers and meeting the high demand for 400kV / 765kV transformers in the Indian market. Distribution Transform expansion is mainly to create a dedicated state of art facility for CRGO (Cold Rolled Grain Oriented) steel processing centre in order to enhance the vertical integration facility which can help us to reduce the process lead time, enhancement of Quality, Safety and 5S. Additionally, TTDI will also build a new manufacturing facility for surge arresters during the first half of FY2024 and the products will be commercially available in the market by the second half of the year.
TTDI’s advanced technology & processes, high-level of background integration, state-of-the-art manufacturing facilities, massive production capacity and a highly skilled workforce yield high-quality T&D equipment that are made-in-India. TTDI offers a range of innovative and reliable technologies for the renewable energy sector like Power Transformers, Gas-Insulated Switchgear (GIS) and Inverter Duty Transformers. TTDI is focusing on Enhancement of Gas Insulated Switchgears, Transformers, Control Relay & Substation Automation System solutions to applications in Energy (Renewable sector), Data Centre for Smart Cities, and for Industry segments like Railway.
Going forward, TTDI will continue to contribute to carbon neutrality and quality of social infrastructure for electric power companies and manufacturers globally.
Corrigendum:
On July 19th, following portions were removed from the 4th paragraph of July 18th Press Release:
- “photovoltaic (PV) inverters”
- “petro chemical plants, refineries”
TTDI Manufacturing Base
Notes to editor:
*: INR:JPY is 1:1.89 as on July 15, 2024
About Toshiba Transmission & Distribution (India) Private Limited:
Toshiba Transmission and Distribution Systems (India) Private Limited (TTDI) designs, develops, and manufactures T&D products for applications up to 765kV level in India, supporting “Make in India” initiative of the government. TTDI also provides packaged and turnkey solutions that help foster India’s transition towards renewable energy.
TTDI will continue to play its part in the growth of the transmission & distribution and green transition landscape and support its customers with its value-added solution of outdoor type GIS for open type installations.
