Toshiba Reinforce Indian Thermal Power Business

  Toshiba Reinforce Indian Thermal Power Business

     --To construct competitive EPC system of thermal power generation--

Business Wire

CHENNAI, India -- January 9, 2014

Toshiba Corporation (TOKYO:6502) today announced that it has reinforced its
thermal power generation business in India by integrating the engineering
function of Toshiba India Pvt. Ltd. into Toshiba JSW Turbine and Generator
Pvt. Ltd., a manufacturer of turbines and generators based in Chennai, Tami
Nadu. The company, which has been renamed to Toshiba JSW Power Systems Private
Ltd., will rebuild the organization to the competitive engineering,
procurement and construction (EPC) system, and develop business in India and
the surrounding areas.

Building of Toshiba JSW Power Systems Private Limited (Photo: Business Wire)

Building of Toshiba JSW Power Systems Private Limited (Photo: Business Wire)

Toshiba JSW Turbine and Generator Pvt. Ltd. was established in 2008, and
inaugurated its factory of steam turbines and generators in February 2012. It
currently produces five units of supercritical turbines and generators ordered
by National Thermal Power Corporation and others. The thermal power
engineering department of Toshiba India Pvt. Ltd. was established in August
2009, and has a good track record in thermal power engineering operations. The
company will have integrated ability of engineering, manufacturing,
procurement, construction and services and it will enhance EPC ability in
India, in cooperation with Toshiba’s group company, TPSC (India) Private
Limited, which supports Toshiba JSW Power Systems Private Ltd. in construction
field in India.

Looking to the future, India is expected to see significant growth in power
demand, as is the wider region, including Southeast Asia, the Middle East and
Africa, where a number of large projects of thermal power generation are
planned. Toshiba ensures its thermal power business expansion in India and
surrounding areas from India in cooperation with global engineering function
in Japan.

Overview of integrated company
Company name:         Toshiba JSW Power Systems Private Limited
Location:              Chennai, Tamil Nadu, India
Date of integration:   January 1, 2014
Managing Director:     Yoshiaki Inayama (Managing Director of former Toshiba
                       JSW Turbine & Generator Pvt. Ltd)
Capitalization:        4.4 billion in Indian Rupees
Capital holding:       Toshiba 75%, JSW Energy 22.52%, JSW Steel 2.48%
Employees:             approximately 600
                       Engineering, design, manufacturing, procurement, sales,
Main Business:         construction, installation and services for thermal
                       power plants

About Toshiba
Toshiba is a world-leading diversified manufacturer, solutions provider and
marketer of advanced electronic and electrical products and systems. Toshiba
Group brings innovation and imagination to a wide range of businesses: digital
products, including LCD TVs, notebook PCs, retail solutions and MFPs;
electronic devices, including semiconductors, storage products and materials;
industrial and social infrastructure systems, including power generation
systems, smart community solutions, medical systems and escalators &
elevators; and home appliances.
Toshiba was founded in 1875, and today operates a global network of more than
590 consolidated companies, with 206,000 employees worldwide and annual sales
surpassing 5.8 trillion yen (US$61 billion). Visit Toshiba's web site at

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Toshiba Corporation
Atsuko Miyashita, +81-3-3457-2105
Corporate Communications Division
Public Relations & Investor Relations Office
Fax: +81-3-5444-9202
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