Toshiba to set up 180 crore unit in Hyderabad
Toshiba International to set up 180 core unit in Hyderabad, Telangana. Toshiba Corporation announced that it would reinforce its transmission and distribution business in India with a 3-billion yen (approximately US $ 30 million) investment in a new production capacity at Toshiba Transmission & Distribution Systems (India) Pvt. Ltd.
In a press release issued from Tokyo, Chairman & Managing Director of the corporation’s Transmission & Distribution (T & D) vertical, Katsutoshi Toda, said that a new line for large power transformers would come on line in spring 2015, around the same time as the full-scale launch of a new line for switchgears.
Alongside its existing production line of small and medium capacity transformers and low and medium voltage switchgears, the new power transformer line would support production of 765 kV transformers with a capacity of 500 MVA, while the new switchgear line would produce high voltage products.
“Toshiba is seeking to secure a 20 per cent share of the Indian market by the year 2018 and also reinforce out T & D vertical as a core production base for other major markets including Europe, ASEAN and Africa, Mr. Toda said.
India continued to record high economic growth and long-term capital investment for infrastructure was expected in key areas like electricity and transportation.
The release said Indian Government was promoting measures to increase the number 765 kV sub-stations, increasing the country’s transmission capacity five times by the year 2017. This policy was driving the demand for large power transformers and high voltage switchgear.