+
Rs 5 Bn to be invested by Toshiba for power transmission
POWER & RENEWABLE ENERGY

Rs 5 Bn to be invested by Toshiba for power transmission

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hexalog Appoints Vishal Shukla as Chief Transformation Officer

Hexalog, a cross-border supply chain and logistics company, has appointed Vishal Shukla as Chief Transformation Officer (CTO) to lead its operational transformation, technology adoption and expansion into new international markets.In his new role, Shukla will oversee the company's transformation strategy across operations, technology, product development and business expansion. His responsibilities include standardising processes, developing scalable operating models, strengthening existing trade corridors and introducing new fulfilment solutions for cross-border businesses.Shukla brings nearl..

Next Story
Real Estate

Dhuleva Group Awards 80-Storey Tower Contract to Eversendai

Dhuleva Group has awarded the core and shell structural construction contract for Dhuleva One50, an upcoming 80-storey ultra-luxury residential tower in South Mumbai, to Malaysia-based engineering and construction company Eversendai.Located near the Babulnath district, the development is planned as a high-rise residential landmark offering panoramic views of the Arabian Sea and Mumbai's skyline. The project will combine contemporary architecture with advanced engineering and premium residential facilities.Eversendai will undertake the structural construction works, drawing on its experience in..

Next Story
Building Material

Nuvoco Marks 10 Years, Targets 35 MMTPA Capacity by FY28

Nuvoco Vistas Corporation Limited is celebrating a decade of operations under the theme ‘Dus Saal Bemisaal’, highlighting its expansion in India's building materials sector. The company has grown from a single cement manufacturing facility into a diversified organisation operating across cement, ready-mix concrete (RMC) and modern building materials.The company's journey began in 2014 when its parent, Nirma Group, commissioned a 2 million metric tonnes per annum (MMTPA) greenfield cement plant at Nimbol, Rajasthan. A major milestone followed in October 2016 with the acquisition of Lafarge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code