Toshiba to increase transformer capacity by 1.5 times, invest Rs 500 crore in India

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.