Toshiba increases transformer capacity by 1.5 times and invests $5 billion in India to expand its operations and meet growing demand.
On Thursday, Toshiba Group announced a significant $5 billion investment plan. This plan is designed to increase the capacity of producing power transmission and distribution equipment in India, marking a substantial commitment to the region’s energy infrastructure.
Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI), a key subsidiary of Toshiba Group, will play a central role in this expansion. 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.
With this investment, TTDI will increase its assembly and test line capacity for distribution and power transformers for the transmission grids and distribution networks.
Enhanced testing capacity for power transformers will represent a significant upgrade geared explicitly towards expanding exports and meeting the high demand for 400kV/765kV transformers in the Indian market.
Distribution transformer expansion aims to create a dedicated facility for CRGO (Cold Rolled Grain Oriented) steel processing centre to enhance the vertical integration facility, which would help the company reduce the process lead time and improve quality and safety.
Besides, TTDI will also build a new, state-of-the-art manufacturing facility for surge arresters during the first half of FY24. This facility will be equipped with the latest technology and will adhere to the highest safety and quality standards. The products will be commercially available in the market by the year’s second half.
