Mitsui and Co operates in India through Mitsui & Co. India, which has its head office in New Delhi and branches in five other cities. Its India portfolio leans heavily toward energy and infrastructure, including renewable power, railway freight corridor equipment and recycled resources supply chains.
Ownership and structure
Mitsui operates in India through Mitsui & Co. India Private Limited, headquartered in New Delhi, and holds project stakes such as 49 percent of ReNew Surya Roshni through its subsidiary MIT Power India.
What India does for Mitsui and Co
India is a trading market and investment destination for Mitsui, which supplies freight corridor rail systems and holds stakes in renewable energy and metal recycling businesses.
Mitsui and Co's India business
Mitsui holds a 49% stake in a 1,300 MW round the clock renewable energy project developed by ReNew across Rajasthan, Karnataka and Maharashtra. In November 2020 it won an order worth about JPY 18 billion to supply track and overhead wiring maintenance equipment for the Western Dedicated Freight Corridor, taking its cumulative orders on the project to about JPY 182 billion.
In June 2024 it invested in MTC Business, a Mumbai based metal recycling company that became an equity method affiliate. Its Indian subsidiary runs branches in Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad.
Key moves in India
- 2003: Mitsui & Co. India Private Limited was incorporated in New Delhi in March.
- 2015: Mitsui won Western Dedicated Freight Corridor contracts in August for signalling and for civil and track laying works.
- 2016: It won a further corridor contract in November for civil and track laying between Vaitarana and JNPT.
- 2020: Mitsui won a JPY 18 billion maintenance equipment order in November, taking its corridor orders to about JPY 182 billion.
- 2022: It agreed in April to take 49 percent of a 1,300 MW round the clock renewable project developed by ReNew.
- 2024: Mitsui invested in Mumbai based metal recycler MTC Business in June, making it an equity method affiliate.
Where it operates
Mitsui and Co runs its India business from New Delhi. It also has a presence in Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad.
At a glance
- Home country: Japan
- Global headquarters: Tokyo
- Sector: Infrastructure & Data Centres
- Business: Trading
- Role of India: Sales market, Investment portfolio
- India entity: Mitsui & Co. India Private Limited
- India head office: New Delhi
- India offices: New Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad
- India headcount: Not available
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