Hitachi Energy India Ltd expands Mysuru facility to boost global supply of transformer-grade pressboard with world's first fossil-free production line

Hitachi Energy India Ltd., (Hitachi Energy India) today announced an investment of INR 300 crores in its insulation and components business in India by expanding its manufacturing facility in Mysuru, Karnataka. The expansion will double the facility's capacity to produce EHV class high-quality pressboard and laminated board, a vital insulation material used in power and distribution transformers. As part of the expansion, Hitachi Energy India will replace the fossil fuel boiler, making its Mysuru site an ultra-low carbon pressboard facility.

Announced in October 2024, this is part of Hitachi Energy India's ₹2,000 Crore India investment plan, which will be spread over the next 4- 5 years.

Sharing his views on the expansion, N Venu, Managing Director & CEO, Hitachi Energy Indiasaid, "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."

Reiterating the focus on supporting India's energy ecosystem, Helmut Bockshammer, Global Product Group Manager for Transformers Insulation and Components, Hitachi Energy, stated, "This expansion strengthens our commitment to India's energy future. By localizing pressboard production, we're securing supply chains, boosting reliability, and supporting the shift to renewables."

Demand for electricity in India and globally is growing exponentially - industry and energy infrastructure must significantly step up capacity and capability, in a sustainable manner, to enable this transition. Transformers are the backbone of the power grid, playing a critical role in high-voltage electricity transmission. Innovation is key to manage variability, ensure grid stability, balancing a more decentralized energy system. In transformers, high-quality insulation material acts as a proactive barrier, keeping the flow of electricity safe and preventing internal short circuits.

Today, there is a significant gap between demand and availability of transformers and components in India and globally. The expansion of Hitachi Energy India's Mysuru facility is a strategic response to address this shortage by boosting the supply of insulation material across India and markets like the U.A.E., Oman, Kuwait, Saudi Arabia, Turkey, Indonesia, South Korea, and South Africa. With the expansion, Hitachi Energy will be able to meet the demands of global customers while supporting its long-term sustainability goals.

The project will be completed by mid-2027, marking a key milestone in Hitachi Energy's longterm growth in India.

Shares of Hitachi Energy India Limited was last trading in BSE at Rs. 19114.20 as compared to the previous close of Rs. 19607.30. The total number of shares traded during the day was 10601 in over 3741 trades.

The stock hit an intraday high of Rs. 19939.10 and intraday low of 18901.35. The net turnover during the day was Rs. 205507385.00.

Source : Equity Bulls

Keywords

HitachiEnergyIndia INE07Y701011 MysuruFacility Expansion