When Toshiba Transmission & Distribution Systems (India) Pvt. Ltd. (TTDI) started its journey in 2013 by acquiring Vijai Electricals Ltd., it was embarking on an ambitious journey in the Indian Transmission & Distribution (T&D) segment specifically as well as in the overall power sector in the country.
While Vijai Electricals clocked sales of US$ 250-million in FY 2013, TTDI targets sales of approximately US$ 500-million (60 billion yen) in FY 2017. Well, it's been only about two years since then and the company has already invested US$ 230 million (US$ 200 million for the acquisition and US$ 30 million in November 2014 for a new production line). And that's just the beginning.
"A new line for large power transformers will come on line soon in 2015, at the same time as the full scale launch of a new line for switchgears up to 800kV from our Indian plant. SIS/GIS will mitigate the current land availability issue apart from the opportunity to augment the existing substations, which is one of the biggest challenges in the T&D Segment," says Dr. Katsutoshi Toda, its Chairman & Managing Director, TTDI.
By utilising these operations as part of an integrated global supply network, plus with the worldwide sales network of Landis+Gyr, a Toshiba Group company, Toshiba aims to achieve global sales of 700-billion yen (approximately US$ 7,000-million) in the T&D and smart grid business in FY2015. "Last year, we also received an order from Landis+Gyr Oy, a Finnish Toshiba Group company for delivery of 1,500 transformers over three years, produced at TTDI factory at our Hyderabad plant in India," adds Toda.
(Continued on the next page)