Toshiba Transmission & Distribution Systems India (TTDI) announced on Thursday its plan to invest Rs 5 billion to increase its manufacturing capacity for power and distribution transformers by approximately 1.5 times. This investment aims to meet the growing global demand for power transmission and distribution equipment.

According to a company press statement, the investment will be made over three years, from FY2024 to FY2026. Hiroshi Furuta, Chairperson and Managing Director of TTDI, stated that the new investment will enhance operational efficiency, increase speed-to-market, and support the expansion of their business both in India and overseas, furthering their commitment to the "Make-in-India and Export-from-India" initiative.

Toshiba, a supplier of transmission and distribution (T&D) equipment for both conventional and renewable energy sources, has established India as a hub for its T&D equipment manufacturing operations and export base. TTDI has supplied India-made transformers to over 50 countries.

With this investment, TTDI will increase its assembly and test line capacity for distribution transformers and power transformers for transmission grids and distribution networks. The enhanced testing capacity for power transformers will represent a significant upgrade, particularly aimed at expanding exports of power transformers and meeting the high demand for 400kV/765kV transformers in the Indian market.