Hitachi Energy India says it will invest about ₹2,000 crore to set up a new large power transformer (LPT) factory in Gujarat. Multiple outlets report the facility will be located in Karjan near Vadodara, with the company describing it as a large power transformer manufacturing unit. The investment is aimed at expanding Hitachi Energy’s manufacturing footprint to meet demand for power equipment both in India and globally. The new plant is expected to support supply for high-voltage transmission needs, HVDC projects and other large-scale installations. One report also mentions potential demand linked to AI data centres and power generation. Hitachi Energy says the project is expected to be completed by FY28. The company also states the expansion is expected to generate more than 1,000 direct and indirect jobs, and frames the move as part of strengthening India’s energy value chain and improving access to reliable, efficient power equipment. The announcements are based on the company’s regulatory filing and related disclosures.
Hitachi Energy India to invest ₹2,000 crore in large power transformer factory in Gujarat
Hitachi Energy India says it will invest about ₹2,000 crore to set up a new large power transformer (LPT) factory in Gujarat. Multiple outlets report the facility will be located in Karjan near Vadoda...
- Hitachi Energy India plans to invest approximately ₹2,000 crore in a new large power transformer factory in Gujarat.
- The plant is set to be located in Karjan, near Vadodara.
- The company expects the project to be completed in FY28.
- The factory is intended to produce large power transformers for high-voltage transmission and related grid needs, including HVDC projects.
- The company expects the investment to create more than 1,000 direct and indirect jobs.
New Delhi: Hitachi Energy India will invest about Rs 2,000 crore to set up a large power transformer factory in Gujarat.In a regulatory filing on Friday, the company said it is "investing approximately Rs 2,000 crore to establish a new Large Power Transformer (LPT) factory in Karjan, Vadodara, India".Hitachi Energy said the company is committed to strengthening its manufacturing footprint to support the growing demand for electricity in the country and worldwide.The new factory is expected to assist in meeting India's demand for reliable, efficient, and high-quality power equipment while supporting a stronger and more self-reliant energy value chain, it added.The factory is scheduled for completion in FY28."This investment reflects our confidence in India's energy future and the country's growing stature as a strategic manufacturing base. By expanding our manufacturing presence, we aim to empower local communities, create skilled jobs, and deliver innovative solutions that support the country's energy and sustainability goals," said N Venu, Managing Director & CEO, Hitachi Energy India Ltd.The project is expected to create more than 1,000 direct and indirect jobs.Headquartered in Switzerland, Hitachi Energy is a global leader in electrification. It employs over 56,000 people in 60 countries and generates revenues of around USD 20 billion.In India, Hitachi Energy operates under the legal entity name Hitachi Energy India Ltd and is listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).
2 months agoThe new plant will produce a significant volume of large power transformers annually for high-voltage transmission, HVDC projects, AI data centers, power generation, and large industrial installations
2 months ago
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