Hitachi Energy India Ltd. has announced an investment of ₹300 crore to expand its insulation and components business in India. The expansion will take place at its manufacturing facility in Mysuru, Karnataka.
The investment aims to double the facility's capacity to produce EHV class high-quality pressboard and laminated board, which are essential insulation materials used in power and distribution transformers. As part of the expansion, Hitachi Energy India will replace the fossil fuel boiler, transforming the Mysuru site into an ultra-low carbon pressboard facility.
This expansion is part of Hitachi Energy India’s ₹2,000 Crore India investment plan, which was announced in October 2024 and will be spread over the next 4-5 years.
N Venu, Managing Director & CEO of Hitachi Energy India, stated that this expansion will support India’s growing grid and renewable energy integration while strengthening the local energy manufacturing ecosystem for a more sustainable future.
Helmut Bockshammer, Global Product Group Manager for Transformers Insulation and Components at Hitachi Energy, noted that the expansion strengthens the company's commitment to India’s energy future by securing supply chains, boosting reliability, and supporting the shift to renewables through localized pressboard production.
The expansion is a strategic response to address the gap between the demand and availability of transformers and components in India and globally. By boosting the supply of insulation material, Hitachi Energy aims to serve markets across India, the U.A.E., Oman, Kuwait, Saudi Arabia, Turkey, Indonesia, South Korea, and South Africa.
The project is expected to be completed by mid-2027, marking a key milestone in Hitachi Energy’s long-term growth in India.
Hitachi Energy is a global technology leader in electrification, focusing on a sustainable energy future with power grid technologies and digital solutions. The company has an installed base in over 140 countries and employs over 50,000 people in 60 countries, generating revenues of around $16 billion USD.
In India, Hitachi Energy operates under the legal entity name Hitachi Energy India Limited and is listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) as POWERINDIA, with Scrip code 543187.
Hitachi, Ltd. contributes to a harmonized society by bringing together IT, OT (Operational Technology), and products through its Social Innovation Business (SIB). The company operates globally in four sectors: Digital Systems & Services, Energy, Mobility, and Connective Industries, and the Strategic SIB Business Unit. Revenues for FY2024 (ended March 31, 2025) totaled 9,783.3 billion yen.
The project is expected to be completed by mid-2027, marking a key milestone in Hitachi Energy’s long term growth in India.
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