In a bid to meet escalating demand, Shirdi Sai Electricals Ltd (SSEL), the largest distribution transformers manufacturer in India, has disclosed its intentions to amplify its transformer manufacturing capabilities. The company aims to double its production from 500 to 1,000 units per day at its Kadapa plant in FY25, with a staggering investment of approximately 72 million US$ (Rs 600 crore). This expansion will see a significant surge in production capacities, elevating them from the current 12,000 MVA to a whopping 25,000 MVA per month.

Moreover, SSEL is diversifying its portfolio by establishing a new unit, Alloys and Conductors Technologies, dedicated to the manufacturing of aluminum alloy conductors. With an investment of 33,6 million US$ (Rs 280 crore), this facility in Kadapa will cater to the transmission and distribution lines segment. The company plans to fund this venture through internal sources as part of an overall investment of approximately 135,8 million US$ (Rs 1,000 crore) in the upcoming fiscal year, encompassing various business verticals.

N Visweswara Reddy, the Chairman and Managing Director of SSEL, expressed the company's commitment to becoming a key player in the industry, aiming for a turnover of 814.8 million US$ (Rs 5,000 crore) in the current fiscal year. Reddy emphasized the burgeoning demand for transformers in the domestic and international markets, particularly in the 11KV to 132KV range, as the driving force behind the expansion initiatives.

Furthermore, SSEL is poised to optimize its Naini plant in Uttar Pradesh, acquired from GE T&D in 2020, to its full capacity of 20,000 MVA. This strategic move, coupled with plans to produce 33KV cast-resin transformers to cater to the renewable energy sector, underscores the company's foresight and adaptability to industry trends. With a focus on internal funding and job creation, SSEL's expansion endeavors are poised to yield significant economic benefits for the region.

Source: tribuneindia.com