Toshiba announces over INR 500 cr investment to meet demand of T&D equipment

TTDI will increase its assembly and test line capacity for distribution transformers and power transformers for transmission grids and distribution networks with this Investment.

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 transformers by approximately 1.5 times compared to FY2023, over three years from FY2024 to FY2026. Toshiba Group has positioned the power T&D business as a focused 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, 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 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 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 and 765kV transformers in the Indian market. Distribution Transform expansion is mainly to create a dedicated state-of-the-art facility for CRGO (cold-rolled grain-oriented) steel processing centres to enhance the vertical integration facility, which can help us reduce the process lead time and enhance quality, safety, and 5S. TTDI will build a new manufacturing facility for surge arresters during the first half of FY2024; products will be commercially available in the market by the second half of the year. 

 TTDI’s advanced technology and processes, high level of background integration, state-of-the-art manufacturing facilities, massive production capacity, and highly skilled workforce yield high-quality T&D equipment that is made in India. TTDI offers a range of innovative and reliable technologies for the renewable energy sector, like photovoltaic (PV) inverters, power transformers, gas-insulated switchgear (GIS), and inverter-duty transformers. TTDI focuses on the enhancement of gas-insulated switchgear, transformers, control relays, and substation automation systems for applications in energy (renewable sector), data centres for smart cities, and industry segments like Petrochemical Plants, Refineries, and Railway.