Toshiba Group said it will invest 10 bn Japanese yen (over Rs 500 crore) to increase the capacity of producing power transmission and distribution equipment in India.

Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) will increase its capacity of manufacturing power transformers and distribution transformers by about 1.5 times compared to FY2023, over a three-year period from FY2024 to FY2026, it stated.

Toshiba Group has positioned power T&D as a focus business and will invest about JPY 10 bn (over Rs 500 crore) in TTDI to expand its capacity.

Hiroshi Furuta, Chairperson and Managing Director, TTDI, said in the statement, "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."

With this investment, TTDI will increase its assembly and test line capacity for distribution transformers and power transformers for the transmission grids and distribution networks.

Enhanced testing capacity for power transformers will represent a significant upgrade, specifically geared towards expanding exports as well as meeting the high demand for 400kV/765kV transformers in the Indian market.