The power sector in India has witnessed substantial growth during the last decades. According to 4th Annual World Energy Investment (WEI) report, published in May 2019 by the International Energy Agency (IEA), investments in the energy sector in India have seen the highest growth in the world. The industry attracted US$ 14.32 billion in Foreign Direct Investment (FDI) between April 2000 and March 2019. Total installed capacity of power stations in India stood at 364.96 GW as of 30th November 2019.
With the outlay of Rs. 2.6 lakh crore announced by the government for the five-year period ending FY2022, the transmission and distribution (T&D) sector continued to remain in focus. There was also a sharper focus on high voltage transmission lines along with the government’s aims to provide 24×7 power, which is opening up opportunities in the sector. DISCOMs which have joined the UDAY scheme are expected to improve their T&D infrastructure through renewed investments. The government’s target of generation of 175 GW of renewable energy by 2022 and initiatives such as “Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India”, popularly known as FAME India, will augment the demand for electrical equipment.
As Electrical India celebrates its glorious 60th year of publication, we list 60 electrical and power companies who have made remarkable, impactful contribution in their respective field of business over the years. Here are some of the key highlights:
HPL Electric & Power Limited is one of India’s leading electric equipment manufacturers. From energy meters to lighting to switchgears to wires and cables to LED products, HPL has successfully catered to consumers’ needs. Now the company has been working extensively to grow in the electrical equipment industry and furthermore aspires to expand its wings in solar and lighting industry, Gautam Seth, Joint Managing Director, HPL Electric & Power Ltd.
Wires and cables manufacturing major Polycab offers extensive range of wires and cables as well as advanced range of FMEG products such as electric fans, LED lighting and luminaires, switches and switchgear, solar products and conduits. In first half of FY20, Polycab has done well to stand tall against the prevailing economic conditions to achieve a 20 per cent y-o-y revenue growth and 28 per cent y-o-y growth in EBITDA.
In future, the company plans to enhance its geographical penetration. “Our strategy is to expand our market share by targeting key growth sectors such as mining, oil and gas, shipping, power, renewables, infrastructure, construction, automotive, telecommunication,” said Shashi Amin, President and SBU Head – Cables, Polycab India Ltd.
Established in 1962, Universal Cables Limited (UCL) is one of the leaders in the Indian cable industry with a comprehensive product range. In the first half of the current financial year, UCL’s turnover has increased over 25 per cent in comparison to the first half of the preceding year. Now the company is stepping into the 400kV EHV market segment. “Our ambition is to increase the market volume on the turnkey business in EHV underground power cable segment,” said Amitava Bose, Chief Operating Officer, Universal Cables Ltd.
Dynamic Cables is a renowned manufacturer and supplier of cables and conductors. The company has a strong presence not only in India but also across another 32 countries globally. Now the company targets to penetrate the maximum western countries in next five years, informs A.K. Sharma, AVP Marketing, Dynamic Cables Ltd.
Indian transformer market is saturated for EHV like 765 kV range of transformers. According to Pradeep Kumar Verma, MD and CEO, Accord Transformer & Switchgear (ATS), many companies who had their infrastructure ready for 765 kV, are lying almost idle. He also estimates that the business volume is quite less even for 400 kV transformers. However, when it comes to 220 kV and 132 kV transformers, ATS envisages significant potential. Now the company would like to focus on international business and they target to have more than 60 per cent of their business share from international domain.
The need for a continuous power and electricity pan India has led to improvements in infrastructure segment by the government’s funding in various programmes. Seeing the current momentum, Uttam (Bharat) Electricals is exploring to diversify in other electrical products like CT/PT, solar invertors, panels etc. The company has also developed its first prototype of 315 KVA 11/0.433 kV EEL-2 transformers in amorphous core construction, informs Atul Agrawal, Managing Director, Uttam (Bharat) Electricals Pvt. Ltd.
Jaipur-based Elektrolites Power Pvt Ltd (EPPL) is a manufacturer of power transmission and distribution products. In future, Elektrolites plans to focus on developing new smart grid products for railways, defence and renewable market. “We are planning for collaboration with European companies to upgrade our technology and products which will enable the company to double the turnover by increasing the export to Southeast Asia and the African market,” informs the company’s CMD Saboo.
UPS which is often referred as the “heart” of the electrical network has widespread application ranging from continuous process operations to healthcare to Information Technology or any other mission critical installations. Eaton is one of the leading providers of backup power UPS. Eaton Power Quality is ‘future ready’ and plans to introduce new products and solutions in the Indian market which have already proven its performance globally.
The $8.3 billion Japanese energy and power electronics major Fuji Electric has acquired an Indian UPS firm Consul Neowatt a few months ago. Recently the company has announced its India 2.0 plan to expand business operations in the country. According to Sriram Ramakrishnan, Managing Director, Fuji Electric India, the plan envisages the revenues from the India market to reach Rs 1,500 crore by the year 2023-24.
With the advent of advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML), the test and measurement (T&M) solutions are becoming smart. SCOPE T&M has developed IoT-based solutions for distribution companies to give quick visibility of their feeders and transformers, improving their quality of supply and reducing losses. This will not only help utilities but also other industries to maintain the availability of feeders, quality of power, reduces losses and save money, claims Sanjay Kulkarni, Chairman, SCOPE T&M.
Electronic test and measuring instrument expert KUSAM-MECO offers the wide range of “UL” listed digital clamp meters which have surge protection from 6 kV to 12 kV. In 2019, the company has increased revenues by over 20 per cent from the last year. In future, KUSAM-MECO plans to add more instruments in its range to meet special and customised demands of the customers, such as steel, cement, pharma and electric utilities companies.
(Note: The power list published in this issue is not exhaustive and only includes some of the companies who have responded to our questionnaire. Also, the companies are featured in alphabetic order, not on the basis of any ranking.)