Toshiba to invest Rs 500 cr to double mfg capacity
Set to increase its assembly and test line capacity for transformers for the transmission grids and distribution networks
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Hyderabad: Toshiba Transmission and Distribution Systems (India) Pvt Ltd (TTDI) has announced that it will invest around JPY 10 billion (over Rs 500 crore) to nearly double its manufacturing capacity of power transformers and distribution transformers over three-years, from FY2024 to FY2026.
With this investment, the company will be increasing its assembly and test line capacity for distribution transformers and power transformers for the transmission grids and distribution networks. The company will be also building a new manufacturing facility for surge arresters, and the products will be commercially available in the market by the second half of the year.
An official release from TTDI said that 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 the company reduce the process lead time, enhancement of quality, safety and 5S.
Hiroshi Furuta, Chairperson and Managing Director, TTDI, said: “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.”
