 "Toshiba JSW Power to double Chennai capacity")
Toshiba JSW Power Systems Pvt ltd is planning to double its manufacturing capacity to 6,000 mega watt (MW) a year in its Chennai plant. The expansion is to support the company’s plan to export products from India to the markets in the region.
The plant manufactures generators and turbines for the domestic market at present.
Speaking on the sidelines of CII’s conference on Conscious Competitiveness Technology Driven Competitiveness in Chennai today, Yoshiaki Inayama, managing director, Toshiba JSW Power Systems said current capacity of the plant is 3,000-Mw a year and will be doubled. The company has invested around $200 million till now.
He declined to share any investment number for the proposed expansion plan. “We are waiting for the recovery in the Indian market, our plan is ready and we got enough space for the new equipments and facilities. Once we decide to invest, we can increase our capacity.”
The expansion comes against the backdrop of growing demand in global market, thanks to the number of ultra mega power projects (UMPP). Toshibha JSW provided its solutions for 10 such projects, which have got 800 MW each, in India.
Inayama claims that company’s solution can offer around 10 per cent saving.
The company started its operations in 2008 and manufacturing in 2011.
Currently, it is exporting from its Japan plant,and Chennai will be the second plant to cater to exports. It now caters to West Asia and other Southeast markets.
He said one of the key advantages of India, especially Chennai, was its location as it located in the middle of emerging markets.
Toshiba JSW Power Systems Pvt Ltd is a JV between Toshiba Corporation, Japan (Toshiba) and JSW Group, India (JSW) and was initially incorporated to manufacture and market super-critical steam turbines and generators for thermal plants in India.
“The cost advantage would be around 20 per cent and depends upon the model, when we export from Chennai,” he said.
The plant manufactures generators and turbines for the domestic market at present.
Speaking on the sidelines of CII’s conference on Conscious Competitiveness Technology Driven Competitiveness in Chennai today, Yoshiaki Inayama, managing director, Toshiba JSW Power Systems said current capacity of the plant is 3,000-Mw a year and will be doubled. The company has invested around $200 million till now.
He declined to share any investment number for the proposed expansion plan. “We are waiting for the recovery in the Indian market, our plan is ready and we got enough space for the new equipments and facilities. Once we decide to invest, we can increase our capacity.”
The expansion comes against the backdrop of growing demand in global market, thanks to the number of ultra mega power projects (UMPP). Toshibha JSW provided its solutions for 10 such projects, which have got 800 MW each, in India.
Inayama claims that company’s solution can offer around 10 per cent saving.
The company started its operations in 2008 and manufacturing in 2011.
Currently, it is exporting from its Japan plant,and Chennai will be the second plant to cater to exports. It now caters to West Asia and other Southeast markets.
He said one of the key advantages of India, especially Chennai, was its location as it located in the middle of emerging markets.
Toshiba JSW Power Systems Pvt Ltd is a JV between Toshiba Corporation, Japan (Toshiba) and JSW Group, India (JSW) and was initially incorporated to manufacture and market super-critical steam turbines and generators for thermal plants in India.
“The cost advantage would be around 20 per cent and depends upon the model, when we export from Chennai,” he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%