Toshiba Transmission & Distribution Systems (TTDI), part of the Toshiba Group, on Thursday said it will increase its manufacturing capacity for power transformers and distribution transformers by nearly 1.5 times compared to FY23, over a three-year period from FY24 to FY26. The Toshiba Group has positioned the power T&D business as a focus area and will invest nearly Japanese yen (JPY) 10 billion (over Rs 500 crore) in TTDI to expand its capacity.
With this investment, TTDI will enhance its assembly and test line capacity for distribution transformers and power transformers for transmission grids and distribution networks. The upgraded testing capacity for power transformers will represent a significant enhancement, specifically geared towards expanding exports and meeting the high demand for 400kV / 765kV transformers in the Indian market, it said.
“Distribution transformer expansion aims to create a dedicated state-of-the-art facility for CRGO (Cold Rolled Grain Oriented) steel processing, enhancing vertical integration, reducing process lead times, and improving quality and safety,” the company stated. Additionally, TTDI will establish a new manufacturing facility for surge arresters in the first half of FY24, with products commercially available in the market by the second half of the year, it said.
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 in expanding our business in India and overseas.”