As part of its overall investment of ₹2,000 crore for India, Hitachi Energy India Limited announced on Friday its decision to invest ₹300 crore in the manufacture of high-quality transformer insulation.
In a statement, the company said its latest investment of ₹300 crore in its insulation and components business will expand the manufacturing facility in Mysuru, Karnataka, and cater to rising demand of high-performance transformers.
The expansion will replace the fossil-fuel boiler, the statement said, making its Mysuru site an ultra-low carbon pressboard facility. The investment will also double the facility’s capacity to produce EHV (extra-high voltage) class high-quality pressboard and laminated board, a vital insulation material used in power and distribution transformers.
"With this expansion, we're proud to support India's growing grid and renewable energy integration – while strengthening the local energy manufacturing ecosystem for a more sustainable future," said N Venu, Managing Director & CEO, Hitachi Energy India.
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The role of insulation material in transformers is to keep the flow of electricity safe and prevent internal short circuits.
In October, 2024, Hitachi Energy India had announced its plans to invest ₹2,000 crore in India, aimed at boosting global supply of transformer-grade pressboard with world's first fossil-free production line.
As the demand for electricity grows exponentially in India and globally, there is a significant gap between demand and availability of transformers and components here and in the world, the company said.
The company’s expansion plans are meant to address this shortage by boosting the supply of insulation material across India and markets like the UAE, Oman, Kuwait, Saudi Arabia, Turkey, Indonesia, South Korea, and South Africa.
The project is slated to be completed by mid-2027.
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