The Japan-based Toshiba Group has now announced an additional investment of 10 billion Japanese yen, pegged at more than Rs 500 crore, towards increasing production capacity in transmission and distribution equipment in the country. According to the statement, Toshiba Transmission & Distribution Systems would increase the production capacity pertaining to power and distribution transformers to about 1.5 times, compared to FY2023, in a period of three years from FY2024 to FY2026.
TTDI offers an array of clean technologies related to renewable energy, including photovoltaic inverters, power transformers, gas-insulated switchgear, and transformers for inverter duty.
According to Hiroshi Furuta, Chairperson and Managing Director of TTDI, "This new investment underlines our commitment to make-in-India and export-from-India. This will bring gains in operational efficiency, faster time-to-market, and strengthen our growth in the domestic and international markets."
With this investment, TTDI is able to increase the assembly and testing facilities for distribution and power transformers that are used for transmission grids and distribution networks..
It said, "The up-gradation in power transformer test facilities is to serve exports and to meet the growing demand for 400kV/765kV class transformers within the country.".
In this regard, increasing distribution transformer production means developing a local, specialized center for processing CRGO steel. It aims at better vertical integration, reducing lead times, and ensuring better product quality and safety.
Further, TTDI is dedicated to the advancement of its GIS, transformer, control relay, and substation automation system solutions in accordance with application requirements for renewable energy, smart city data centers, and industries such as petrochemical plants, refineries, and railways.
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