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NEW DELHI: Transformers maker Shirdi Sai Electricals Ltd (SSEL) appears to be like to begin operations at its new Rs 300 crore unit in Andhra Pradesh by the September quarter, its CMD N Visweswara Reddy stated. SSEL is organising a facility to fabricate conductors within the YSR District of Andhra Pradesh at an funding value of Rs 300 crore, Reddy instructed PTI.
The plant having an annual capability of 300 tonnes is being arrange over 8 acres, he stated, including that the plan is to make the plant operational by the July-September interval of 2024-25.
Conductors are a key factor of a transmission line mission.
The plant is being arrange in two phases. The trial manufacturing will start by the tip of this month, whereas the height capability of part 1 (200 tonnes) will probably be achieved within the first quarter of the subsequent fiscal 12 months.
Reddy additional stated SSEL can also be into transmission EPC tasks and round 50 per cent of the conductors’ manufacturing will probably be consumed by the corporate’s transmission enterprise.
The remaining will probably be bought within the open market to each home and worldwide gamers, he stated.
Conductors are a uncommon product and are principally imported into the nation. The brand new unit will assist enhance the provision of domestically manufactured conductors at aggressive costs, he stated.
Established in 1994 as a transformer repairing firm, SSEL Group has grown over time to turn into India’s largest transformer manufacturing firm. It is usually into organising transmission tasks on an EPC foundation. SSEL Group employs round 5,000 individuals and had a income of Rs 2,680 crore in FY 2022-23.
The group is concentrating on a income of round Rs 5,000 crore within the present fiscal 12 months, Reddy added.
The plant having an annual capability of 300 tonnes is being arrange over 8 acres, he stated, including that the plan is to make the plant operational by the July-September interval of 2024-25.
Conductors are a key factor of a transmission line mission.
The plant is being arrange in two phases. The trial manufacturing will start by the tip of this month, whereas the height capability of part 1 (200 tonnes) will probably be achieved within the first quarter of the subsequent fiscal 12 months.
Reddy additional stated SSEL can also be into transmission EPC tasks and round 50 per cent of the conductors’ manufacturing will probably be consumed by the corporate’s transmission enterprise.
The remaining will probably be bought within the open market to each home and worldwide gamers, he stated.
Conductors are a uncommon product and are principally imported into the nation. The brand new unit will assist enhance the provision of domestically manufactured conductors at aggressive costs, he stated.
Established in 1994 as a transformer repairing firm, SSEL Group has grown over time to turn into India’s largest transformer manufacturing firm. It is usually into organising transmission tasks on an EPC foundation. SSEL Group employs round 5,000 individuals and had a income of Rs 2,680 crore in FY 2022-23.
The group is concentrating on a income of round Rs 5,000 crore within the present fiscal 12 months, Reddy added.
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2024-03-24 11:25:32
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