Toshiba Jsw Power Systems Pvt.ltd.

What Toshiba Jsw Power Systems Pvt.ltd. does

Toshiba JSW Power Systems Private Limited is an India-based joint venture between Toshiba Corporation (75%) and JSW Group (25%), incorporated in 2008 and headquartered in Chennai, Tamil Nadu. The company manufactures supercritical and ultra-supercritical steam turbines and generators (200 MW to 1100 MW) for thermal power plants, operating the only Toshiba Group turbine and generator manufacturing facility outside Japan. Its state-of-the-art Chennai manufacturing plant spans ~360,000 square meters with 3,000 MW annual production capacity (scalable to 6,000 MW), complemented by a Global Engineering Centre in Gurugram, Haryana, which serves as one of Toshiba's largest engineering centres outside Japan.

The company's revenue model spans four streams: (1) EPC (Engineering, Procurement, Construction) turnkey contracts for thermal power plants, anchored by major wins including the 1x660MW Harduaganj ultra-supercritical project (Rs. 3,436 crore / ~USD 540 million); (2) Equipment manufacturing and supply of steam turbines, generators, control valves, and boiler feed pump turbines, with reference projects for NTPC, UPRVUNL, Tata Power, and Essar Power; (3) Lifecycle maintenance, overhaul, and technical services including capital overhauls, on-site balancing, blade replacement, NDT inspection, and reverse-engineered O-OEM spare parts; and (4) Digital IoT solutions (EtaPRO VP, Advanced Pattern Recognition, RMDC) for predictive maintenance and performance optimization, plus carbon-neutral technologies including Toshiba Fuel Cells and CCUS. The go-to-market is exclusively direct enterprise sales to large Indian state-owned utilities (NTPC, UPRVUNL) and private power producers, with aspirations to expand into Southeast Asia, the Middle East, and Africa as an export hub.

The company leverages Toshiba's 90+ years of steam turbine manufacturing heritage, 1,900+ turbines delivered globally, and 200,000 MW cumulative shipment milestone, combined with JSW Group's local industrial and regulatory presence in India. Customer concentration is skewed toward Indian central and state utilities and large private power developers, with notable dependence on a handful of mega-project wins (NTPC Kudgi, Meja, Darlipali, Tata Power Mundra, Essar Salaya, UPRVUNL Harduaganj). The business model is asset-heavy, long-cycle, and subject to India's thermal power demand cycles, policy shifts toward renewables, and EPC execution risk.

Name

Toshiba Jsw Power Systems Pvt.ltd.

Legal name

Toshiba JSW Power Systems Private Limited

Website

https://toshiba-tjps.in

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Toshiba JSW Power Systems Private Limited is an India-based joint venture between Toshiba (75%) and JSW Group (25%) that manufactures supercritical and ultra-supercritical steam turbines and generators (200-1100 MW) and provides EPC, maintenance, and digital IoT solutions for thermal power plants. It serves Indian state utilities such as NTPC and UPRVUNL, and private power producers including Tata Power and Essar Power.

Ownership category

akta.pro rank

Product category

Power Generation Equipment Manufacturing

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Engine, Turbine, and Power Transmission Equipment Manufacturing (33361)

SIC

Engines & Turbines (3510), Motors & Generators (3621)

akta.pro primary industry

Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)

akta.pro secondary industries

Supercritical & Ultra-Supercritical Coal Power Plants (EUACAAAB), Thermal Power Plant O&M (Coal, Gas, Oil) (EUAEAGAA), Thermal Power Plant Modernization & Life Extension (Boiler/Turbine/Generator) (EUAEALAA)

Keywords

• Steam turbine manufacturing
• Thermal power equipment
• Supercritical power generation
• Power plant maintenance services
• EPC power projects

Headquarters

HQ city

Manali

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. EPC (Engineering, Procurement, Construction) Contracts: Full EPC solutions for thermal power plants covering engineering, manufacturing, procurement, construction, and commissioning. The company secured its first major EPC contract for the 1x660MW Harduaganj Ultra-supercritical thermal power project worth Rs. 3,436 crore (approx. USD 540 million). EPC services include civil works, boiler island packages, and complete plant construction.
2. Equipment Manufacturing and Supply (Steam Turbines & Generators): Manufacturing, supply, and delivery of supercritical and ultra-supercritical steam turbines and generators (200-1100 MW range) for thermal power plants. Includes spare parts supply and O-OEM (Original-OEM) spare parts through reverse engineering validated by Toshiba Energy Systems & Solutions Corporation (TESS).
3. Maintenance, Overhaul & Technical Services: Comprehensive lifecycle maintenance services including capital overhauls, open-clean-close services, on-site balancing, blade replacement, generator repairs, inspection services (NDT), rotor maintenance, stator rewinding, valve repair/upgrade programs, and engineering services (steam path audit, risk-based assessment, reverse engineering, residual life assessment). Also includes Technical Advisory (TA) services and generator auxiliary engineering services.
4. Digital IoT Solutions: Advanced digital IoT solutions including EtaPRO for real-time monitoring, performance optimization, and predictive maintenance of power plants. Services include remote monitoring, diagnostic analytics, and digital operations and maintenance solutions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Toshiba JSW Power Systems manufactures supercritical and ultra-supercritical steam turbines and generators (200 MW to 1100 MW range) at its Chennai heavy engineering facility, and delivers full EPC (Engineering, Procurement, Construction) solutions for thermal power plants. The company also provides comprehensive lifecycle maintenance, overhaul, and technical services for power plants, along with digital IoT solutions (EtaPRO) for remote monitoring, performance optimization, and predictive maintenance of installed thermal plant assets.

Product overview

Toshiba JSW Power Systems Private Limited is a joint venture between Toshiba Corporation (75%) and JSW Group, offering a comprehensive portfolio of thermal power equipment and services. The core products include Steam Turbines (200-1100MW), Generators (hydrogen-cooled 200-750MVA and water-cooled 400-1200MVA), Control Valves (MSV, MCV, OLV, CRV), and Boiler Feed Pump Turbines. The company provides Digital IoT Solutions including EtaPRO VP, Advanced Pattern Recognition, and Boiler Combustion optimization for enhanced power plant monitoring. Additional offerings include Fuel Cell systems (>95% efficiency, 100kW-MW range) and Carbon Capture Utilization and Storage (CCUS) technology. The service portfolio covers on-site balancing, repair machining, blade replacement, generator repairs, inspection services (NDT), generator auxiliary engineering, and capital overhaul/STG erection. The company operates manufacturing facilities in Chennai (Tamil Nadu) and engineering centers in Gurugram (Haryana).

Differentiator

Problem solved

Functional benefit

Products and services

• Steam Turbine Supercritical and ultra-supercritical steam turbines ranging from 200 MW to 1100 MW manufactured at the Chennai facility for thermal power plants. Major project references include NTPC-Kudgi (3x800MW), MUNPL-Meja (2x660MW), NTPC-Darlipalli (2x800MW), and UPRVUNL-Harduaganj (1x660MW EPC). Designed for state-owned utilities and private power producers.
• Generator Hydrogen-cooled generators (200-750 MVA) and water-cooled generators (400-1200 MVA) for thermal power plants with enhanced efficiency and reliability. Designed for utility-scale power generation applications.
• Control Valves Main turbine control devices including Combined Main Steam Stop Valve (MSV), Main Steam Control Valve (MCV), Over Load Valve (OLV), Combined Reheat Valve (CRV), Cold Reheat Line Power Actuated NRV, and Interceptor Valve (ICV). Designed for supercritical steam turbine applications.
• Boiler Feed Pump Turbine (BFPT) Boiler Feed Pump Turbine that contributes to optimization of plant efficiency by using excess steam generated during steam turbine operation. Designed for thermal power plants.
• IoT Solutions for Power Plants & Remote Monitoring & Diagnostics Centre (RMDC) Enhanced Digital Operations and Maintenance Solutions including EtaPRO VP (virtual plant first principles modelling), Advanced Pattern Recognition (APR) for anomaly detection, Asset Management Dashboard, Quick Ramp Up & Down (QRUD), and Boiler Combustion optimization using AI/IoT technologies. Designed for thermal power plant operators seeking performance optimization and predictive maintenance.
• Toshiba Fuel Cell (PEFC) Polymer Electrolyte Fuel Cell (PEFC) systems with total energy efficiency >95%, scalable from 100kW to MW range, featuring quick start and load followability for distributed energy facilities. Features Toshiba's unique internal humidification/dehumidification stack structure eliminating the need for external humidifier. Designed for distributed energy and clean power applications.
• Carbon Capture Utilization and Storage (CCUS) Carbon Capture Utilization and Storage technology using alkaline aqueous amine solution to capture CO2 emissions from thermal power plants. High-purity captured CO2 can be tailored for various market and industry needs. The world's first Direct-Fired Supercritical Oxy-Combustion system achieves combined-cycle-equivalent generating efficiency while capturing CO2 at high-pressure for zero emissions. Designed for thermal power operators seeking decarbonization.
• On Site Balancing Fine grade balancing services to extend equipment life by fixing vibration issues, including a large transportable Low Speed Balancing Machine capable of balancing rotors up to 100T. Designed for thermal power plant operators performing maintenance on steam turbines and generators.
• On Site Repair & Machining Repair machining services including Line Boring, Journal Machining, Polishing and Burnishing, Repair Machining for crack removal, and Seal Fin Machining performed on-site. Designed for thermal power plant operators requiring field-level component repair.
• Blade Replacement Blade replacement services for various root types with blade distribution considering blade moment to minimize unbalance, using special tooling and fixtures for on-site mobilization. Designed for thermal power plants requiring turbine blade replacement during overhauls.
• Generator Repairs Complete repair services for generators up to 1000 MW including stator and rotor partial/complete repair at site as well as factory, with on-site rewinding capability. Designed for thermal power plant operators maintaining large generators.
• Generator Routine Inspection and Testing Trained technicians perform generator routine inspections and testing including stator bar and rotor coil insulation testing with high accuracy instruments. Designed for scheduled maintenance of thermal power plant generators.
• Inspection Services (NDT) Non-destructive testing services including Dye Penetrant Test (PT), Magnetic Particle Testing (MPT), and Ultrasonic Testing (UT) for detecting surface and subsurface discontinuities. Designed for thermal power plant component integrity assessment.
• Generator Integral Auxiliaries Engineering Engineering services for Stator Cooling Water System, Seal Oil System, Excitation System, Generator Control Panel, Generator Protection and Relay Panel, and End Winding/Partial Discharge monitoring. Designed for thermal power plant operators requiring specialized generator auxiliary engineering.
• Capital Overhaul & STG Erection Complete steam turbine and generator overhaul services including Open-Clean-Close services, repair and replacement of parts, parts supply, engineering services, and full erection and commissioning support. Designed for thermal power plant operators performing scheduled capital overhauls.

Quantifiable outcome

• A-USC technology operating at 700°C expected to improve generation efficiency and cut CO2 emissions by a further 10%
• +4 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• Toshiba India Private Limited (TIPL)coreTechnology or Integration · 1 February 2012TIPL serves as the headquarter of Toshiba in India and encompasses Hydro Power Systems, Social Infrastructure, Semiconductor, MFP, and Digital Products businesses. TIPL was instrumental in establishing Toshiba JSW and managing overall project coordination for Indian thermal power projects.
• TPSC (India) Private LimitedcoreImplementation/ SI/ Consulting Partner · 1 February 2012TPSC (India) Private Limited, based in Hyderabad, carries out installation and commissioning engineering for Toshiba JSW’s thermal power projects in India. Forms part of the integrated local one-stop EPC solutions network.
• JSW Group (JSW Energy & JSW Steel)coreStrategic or Co-development Partner · 1 September 2008Toshiba JSW Power Systems Private Limited is a joint venture between Toshiba Corporation (Japan) and JSW Group (India). As of 2014, ownership structure is: Toshiba Group 75%, JSW Energy 22.52%, JSW Steel 2.48%. The partnership combines Toshiba’s advanced thermal power technology and manufacturing expertise with JSW Group’s local market presence, regulatory relationships, and industrial infrastructure in India.
• NET Power, LLC., 8 Rivers Capital, CB&I, and Exelon CorporationflagshipStrategic or Co-development PartnerToshiba is developing the world’s first Direct-Fired Supercritical Oxy-Combustion CO2 Power Cycle Generation System in partnership with these US companies. The system achieves combined-cycle-equivalent generating efficiency while capturing CO2 at high-pressure for zero emissions without electricity cost increase.
• Toshiba Energy Systems & Solutions Corporation (TESS)coreTechnology or IntegrationTESS (formerly Toshiba ESS) provides technology transfer, quality standards compliance, reverse engineering validation for O-OEM spare parts, repair specifications, material equivalent support, and 3D scanning measurement services for parts manufacturing. Toshiba JSW complies with TESS quality standards for all products and services.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Regional players

• Andritz AG: Strong in hydro turbine-generator manufacturing and increasingly in thermal power service and modernization. Less direct overlap on supercritical new-build, but competes in adjacent turbine service and aftermarket work.

Direct peers

• Siemens Energy: Global manufacturer of steam and gas turbines, generators, and EPC solutions for thermal power plants, with an established India footprint. Competes head-to-head with Toshiba JSW for supercritical and ultra-supercritical turbine orders from Indian utilities.
• GE Vernova: GE's power business producing steam turbines, generators, and grid solutions. Competes directly in supercritical turbine tenders in India and globally, with comparable EPC and aftermarket capabilities.
• Harbin Electric International: Chinese turbine and EPC provider active across Asian and emerging markets. Competes in cost-driven thermal tenders where Toshiba JSW also pursues international projects.
• Dongfang Electric Corporation: Major Chinese manufacturer of thermal power equipment including steam turbines and generators. Competes internationally in similar EPC and equipment supply segments, especially in emerging markets.
• Mitsubishi Power: Japanese manufacturer of steam and gas turbines with strong India presence through NTPC and private utility contracts. Closest international peer given similar technology pedigree and target customer set.
• Doosan Enerbility (formerly Doosan Heavy Industries): Korean EPC contractor and steam turbine/generator manufacturer competing in Indian thermal power tenders. Comparable product range and EPC execution model, often competing on cost.
• Bharat Heavy Electricals Limited (BHEL): India's largest state-owned power equipment manufacturer, supplying steam turbines, generators, and EPC services for thermal power plants. Most direct domestic competitor to Toshiba JSW across the same NTPC and state-utility customer base.

Emerging players

• MAN Energy Solutions: Supplies turbines and large rotating equipment for power and industrial applications. Less direct overlap on ultra-supercritical new-build, but competes in maintenance, upgrades, and steam-cycle adjacent markets.

Broad incumbents

• Hitachi Energy: Supplies generators, transformers, and grid integration solutions for power plants including thermal. Broader portfolio than TJPS, but overlaps on large generator and auxiliary equipment supply for Indian power projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/toshiba-jsw-power-systems-pvt-ltd-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Toshiba Jsw Power Systems Pvt.ltd.