How is the growth potential of the transformer industry in India?
We see tremendous energy demands from the multi fold growth in various industries right from pharma, chemical, textiles to engineering units. We are witnessing fast growing urbanisation, which is also boosting the need to expand existing transmission and distribution system to bridge the gap of demand and supply.
Currently, we are witnessing many favourable policies of the Government of India (GoI) – to address the increasing energy demand, which is also playing a major role to drive the Indian transformer market. The Green Energy Corridor serves as a strong example for development of series of infrastructure projects aimed at synchronizing the power generated from renewable energy sources like wind, solar, hydro with the conventional national grid of India. Hence, it’s clear that there’s a strong demand anticipated in the transformer industry.
What are the latest trends noticed by you in India and abroad as far as the transformers industry is concerned?
The domestic transformer manufacturing industry is a highly fragmented segment. It is marked by the presence of many large players as well as a significant number of unorganised players, especially for distribution transformers. The Indian distribution transformer market is expected to register a CAGR of more than 5% during the forecast period of 2022-2027.
Also, the country is witnessing increasing number of new small power rating substation projects at various locations. The distribution transformer segment is expected to be the fastest-growing segment for the Indian distribution transformer market during the forecast period.
To facilitate and boost the distribution sector in rural and city areas, the GoI is also extending its cooperation by various schemes – such as Saubhagya Electricity Scheme, Integrated Power Development Scheme and Deen Dayal Upadhyaya Gram Jyoti Yojana.
The global transformer market is expected to be valued at USD 109.5 billion by 2032 with a CAGR of 7.2%. There is a growing emphasis on reducing greenhouse gas emissions and bring in energy efficient transformers, which is paving the way for favourable business environment for eco design transformers. Moreover, the new public and private investment and regulatory initiatives are contributing to the overall growth of the industry.
Could you please brief me on the products and services offered by Ritech?
We are one of the reputed Transformer Manufacturing Companies in India having Brand name as ‘RITECH’. We derive our experience from our group companies of Vardhman Stampings Pvt Ltd which is the most reliable brand in CRGO products for transformers in India since 1989.
We manufacture a wide range of Oil Cooled, Dry type Transformers & Compact Sub-stations.
Product/Service offerings:
- Design, Manufacturing & Supply of all types of Oil Cooled Distribution, Solar and Special application Transformers up to 10MVA, 33KV Class.
- Design, Manufacturing & Supply of all types of Cast Resin Dry type (CRT) Distribution, Solar and Special application Transformers up to 5 MVA, 33KV Class.
- Design, Manufacturing & Supply of Unitised Compact substations with both Oil-filled and Dry-type transformers.
What are the application areas of the products offered by you?
We offer complete Transformer solutions with both step up /step down voltage as per customer needs. With our latest ‘Advance thin-film DEGASSING’ mixing Technology by ‘HEDRICH’ Germany. We offer highly efficient Cast Resin Dry Type Transformers to our customers, which have impressive benefits such as very less Partial Discharge (PD) Value, High Impulse & Dynamic Short Circuit Strength, Fire Retardance and very low maintenance cost.
For our Oil Cooled Transformers, we have adopted the best quality checks that enhance efficiency, reduce losses, and ensure reliable power transmission. We offer Compact Substations with both Oil Cooled and Dry type Transformer options. Also, we provide complete packaged solutions to our customers with incoming High Voltage protection panels & with Low Voltage outgoing protection panels, which are Factory Built and ready for network connection.
What are the various rules and compliance obligations that you follow in the entire business process?
We strictly adhere to all Rules & Compliances specified in Indian and International Standards as well as standard ISO procedures during manufacturing of our quality products. We have the state-of-the art plant set up along with Hi-tech Machinery – along with the latest ‘HEDRICH’ German Technology to produce the best quality Dry type Transformers.
We have a highly skilled manpower having more than 20 years of experience in our various departments like Design, Production, Planning, Purchase, Quality Assurance, Testing and Dispatch to manufacture and deliver our best quality products. Further, we have a separate highly skilled Sales & Service network spread across all the regions of India to extend 24×7 supports to our esteemed customers.
How is the safety parameter taken into consideration while manufacturing and installing Ritech products?
We are an ISO 9001:2015 and ISO-45001:2018, OSHAS certified company and we carry out regular internal audits to make sure all compliance rules are strictly followed. We have certified in-house auditors, and all our processes are strictly abide to all government rules to make sure healthy and safe work environment. Further, we have highly experienced electrical engineers, who are trained for strict compliance with safety regulations regarding transformer installation processes.
What are your investment and expansion plans for the company?
We have a state-of-the-art plant with controlled dust level, which ensures a favourable environment for transformer production, hence increasing the transformer life by eliminating the contamination chances at various stages of transformer manufacturing including the most sensitive winding stage.
We have Automatic foil winding machines, Vacuum Oven and Oil Filter machines along with fully automated Testing Lab with data acquisition software and instruments duly calibrated by NABL certified agencies. Hence, we can ensure better performance and long-lasting electrical consistency for every transformer produced at Rishabh.
Our 100% automatic computer controlled and next generation servo controlled ‘Hedrich’ cast resin plant produces supreme quality cast coils, which has far beyond technical benefits including better and economical transformer life than manual machines’ products.
We are receiving good response from the market and looking at the country’s growth, we are planning to double our capacity with addition of new machineries to fulfil increasing customers’ demands.
