Hitachi Energy India Limited announced a ₹300 crore investment to expand its manufacturing facility in Mysuru, Karnataka, doubling the plant’s capacity to produce transformer-grade pressboard and laminated board. The expansion will establish the world’s first fossil-free production line for these critical insulation materials used in power and distribution transformers.
The project, scheduled for completion by mid-2027, will replace the facility’s existing fossil fuel boiler with sustainable alternatives, making it an ultra-low carbon pressboard manufacturing site. This expansion is part of Hitachi Energy India’s broader ₹2,000-crore investment plan announced in October 2024, to be implemented over the next four to five years.
The expanded facility will serve both domestic and international markets, including the UAE, Oman, Kuwait, Saudi Arabia, Turkey, Indonesia, South Korea and South Africa. N Venu, Managing Director and CEO of Hitachi Energy India, emphasised the investment’s role in supporting India’s growing grid infrastructure and renewable energy integration.
The move addresses a significant global shortage of transformers and components, driven by exponentially growing electricity demand. Transformers serve as the backbone of power grids, with high-quality insulation materials acting as critical safety barriers preventing internal short circuits.
The shares of Hitachi Energy India Limited were trading at ₹19,495 down by ₹95 or 0.48 per cent on the NSE today at 2.25 pm.