Key facts
- Hitachi Energy India will invest Rs 2,000 crore in a new factory.
- The factory will be situated in Karjan, Vadodara, Gujarat.
- It will produce Large Power Transformers.
- The project is expected to create over 1,000 direct and indirect jobs.
- Completion of the factory is anticipated by FY28.
Hitachi Energy India is set to invest approximately Rs 2,000 crore to establish a new Large Power Transformer (LPT) factory in Karjan, Vadodara, Gujarat. The company stated in a regulatory filing that this investment underscores its commitment to bolstering its manufacturing capabilities to address the increasing demand for electricity both within India and globally.
The new facility is designed to contribute to India's need for dependable, efficient, and high-quality power equipment, while simultaneously fostering a more robust and self-reliant domestic energy sector. The factory's completion is projected for the fiscal year 2028.
N Venu, Managing Director & CEO of Hitachi Energy India Ltd, commented that the investment reflects confidence in India's energy future and its role as a strategic manufacturing hub. He added that the expansion aims to support local communities, generate skilled employment, and provide innovative solutions aligned with the country's energy and sustainability objectives. The project is anticipated to generate more than 1,000 direct and indirect jobs.