Latest news with #ExtraHighVoltageTransformer
New Indian Express
09-08-2025
- Business
- New Indian Express
Telangana aims for global manufacturing hub with Toshiba plant expansion
SANGAREDDY: Laying the foundation stone for the Rs 177 crore expansion of Toshiba's Extra High Voltage Transformer plant, Industries Minister D Sridhar Babu on Friday said the state government was working strategically to position Telangana as a global manufacturing hub. The minister inaugurated two manufacturing facilities—the CRGO Core Processing Centre (Rs 65 crore) and the Surge Arrester Unit (Rs 105 crore)—at the premises of Toshiba Transmission & Distribution Systems India Pvt Ltd in Rudraram, Sangareddy district. The total investment amounts to Rs 347 crore. He said Telangana is expected to record an industrial output of Rs 2.77 lakh crore in 2024–25, with nearly 48% from manufacturing. TG to launch R&D hub with Toshiba: Sridhar 'Within nine months, the state has logged merchandise exports worth Rs 1 lakh crore. Our GSDP growth rate is 8.2%, above the national average,' Sridhar Babu said. Citing the Economic Survey 2024–25, which projects a doubling of India's electricity demand by 2040, the minister said the state has introduced the Clean & Green Energy Policy 2025 and has so far attracted investments worth Rs 29,000 crore in the renewable sector. He also said exclusive green energy equipment zones were being established to attract firms like Toshiba to invest in areas such as battery manufacturing. An R&D hub for smart energy solutions will also be launched in partnership with Toshiba. Sridhar criticised what he described as 'deliberate misinformation' about the state's investment MoUs. 'Today, it is Toshiba—not us—responding to such criticism,' he said. In April, the state government signed an MoU with Toshiba for investments worth Rs 562 crore.
Hans India
09-08-2025
- Business
- Hans India
Sridhar Babu lays foundation stone for Rs 177-cr Toshiba plant
Hyderabad: Japanese major Toshiba has lined up Rs347-cr investment for expansion plan including a new EHVT power transformer plant, a CRGO Core Processing Centre and a Surge Arrester Unit, all located at Rudraram in Sangareddy district. Telangana IT and Industries Minister Duddilla Sridhar Babu on Friday laid the foundation stone for the Rs177 crore expansion of the Extra High Voltage Transformer (EHVT) plant, while inaugurating the two new state-of-the-art facilities worth Rs65 crore and Rs105 crore, respectively. Sridhar Babu highlighted Telangana's rapid growth in the industrial sector. He said: 'The State is projected to achieve an industrial output of Rs2.77 lakh crore in 2024–25, with manufacturing contributing nearly 48 per cent of that. Merchandise exports worth Rs1 lakh crore have already been recorded in just nine months. Telangana's GSDP growth stands at 8.2 per cent, well above the national average, reflecting our strategic focus on economic development.' Domestic electricity demand has been increasing and it's indicating expansion of economy. With the demand for electricity expected to double in India by 2040, Telangana is aligning its industrial development with the country's future energy needs. 'The Economic Survey 2024–25 projects a surge in domestic electricity demand. To meet this, we're aggressively attracting investments in clean and renewable energy,' the Minister said. He noted that under the State's Clean and Green Energy Policy 2025, Telangana has already attracted Rs 29,000 crore in investments and is working toward adding 20,000 MW of renewable capacity by 2030.
