New Delhi: Hitachi Energy is set to invest Rs 2,000 crore in India over the next five years to ramp up its transformer production. The company’s India chief, N Venu, shared on Monday that this investment will go toward expanding manufacturing capacity for a range of transformers, including power, dry, and traction types.
The funds will also support the company’s high-voltage direct current (HVDC) systems, which play a key role in long-distance power transmission. Venu said the plan includes an annual investment of around Rs 400 crore, with a focus on building both equipment capacity and a stronger workforce. Hitachi Energy is looking at different funding sources, including potentially raising funds from the market, to support these initiatives.
This move reflects Hitachi Energy’s commitment to meeting the growing demand for advanced power solutions in India. The company is gearing up to serve clients across sectors like utilities, transportation, and heavy industries while strengthening its footprint in the Indian market.
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