Indo Tech Transformers Clears Mega ₹360 Crore Expansion Plan for Manufacturing Growth.

Power infrastructure and equipment manufacturer Indo Tech Transformers Ltd. has approved a fresh capital expenditure (CAPEX) plan of ₹360 crore to expand its manufacturing capabilities for high-voltage power transformers.

The investment is part of a broader phased expansion programme aimed at increasing the company’s total production capacity from the current 14,000 MVA to 50,000 MVA by the financial years 2028-29. The cumulative investment under the expansion roadmap is expected to reach ₹495 crore.

Indo Tech Transformers said its existing facilities are operating at 80-90% capacity utilisation. The company is currently executing earlier expansion phases, including a ₹75 crore investment approved in December 2024 to raise capacity to 16,000 MVA, a ₹25 crore plan cleared in November 2025 to reach 20,000 MVA, and a ₹35 crore expansion approved in May 2026 to take capacity to 25,000 MVA.

The newly approved ₹360 crore investment will add another 25,000 MVA of capacity, enabling the company to manufacture larger power transformers, including units up to the 400 kV class.

The expansion is aimed at strengthening Indo Tech Transformers’ presence in the high-value utility segment, catering to demand from state electricity boards, central transmission utilities, and large industrial customers. The company said the upgraded capacity will help it capitalise on rising investments in power transmission infrastructure and renewable energy integration.

The ₹495 crore expansion programme will be funded through a mix of internal accruals and debt financing, including term loans from commercial banks, with the company seeking to maintain a balanced capital structure.