Toshiba expanding electrical power business in India

Acquires a majority stake in Vijai Electricals.

Japan’s Toshiba Corporation said it bid to acquire a majority stake in Hyderabad-based Vijai Electricals for US$200 million is part of a move to enhance its production base in India.

Toshiba and Vijai Electricals announced they have agreed to Toshiba's acquisition of the major part of Vijai's electricity transmission and distribution (T&D) business. The acquisition will be completed this November.

Toshiba will establish a new company to absorb Vijai's T&D business and also integrate Toshiba’s design and manufacturing technologies for T&D systems.

The new company will enter other growing markets in India, including power electronics systems such as high voltage direct current power transmission and railway power supply systems.

Takeshi Yokota, Corporate Vice President of Toshiba, said the acquisition is an ideal fit for Toshiba’s T&D business in India and beyond. He said the agreement will Toshiba secure a 20% market share in next five years.

Also Read

ADB grants $15m to boost Tajikistan’s grid upgrade

Eco Wave enters Asian market with onshore wave project in Taiwan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit