Wedoany.com Report-Oct 08, Hitachi Energy will invest $250m (Rs20.99bn) in expanding its capacity, portfolio and talent base in India over the next five years.
This investment is part of Hitachi Energy’s $6bn global investment plans in manufacturing, engineering, research and development, digital and partnerships to expedite the clean energy transition, $4.5bn of which was announced in June.
In India, the company is focusing on a significant capacity expansion of its large power transformers factory and the relocation of its bushings factory in Gujarat, as well as upgrading testing capabilities for specialty transformers.
Transformers are used to adjust voltage levels on electricity grids to improve the efficiency of transmission and distribution.
According to Hitachi Energy, transformers are crucial in further developing India’s transmission projects to meet increasing energy demands and modernise the country’s railway network through electrification.
