SSEL aims to make new Rs 300 crore plant operational in July-September quarter: CMD Reddy

Mar24,2024



New Delhi: Transformer Manufacturers Shirdi Sai Electricals Limited (SSEL) aims to start operations at its Rs 300-crore new unit in Andhra Pradesh by the September quarter, its CMD N Visvesvara Reddy said. SSEL Reddy told PTI that the conductor manufacturing facility is being set up in Andhra Pradesh's YSR district at an investment cost of Rs 300 crore.
The plant with an annual capacity of 300 tonnes is being set up on 8 acres, he said, adding that the plan is to commission the plant by the July-September period of 2024-25.
Conductors are a key element of a transmission line project.
The plant is being set up in two phases. Trial production will begin by the end of this month, while the peak capacity of Phase 1 (200 tonnes) will be achieved in the first quarter of the next financial year.
Reddy further said that SSEL is also into transmission EPC projects and about 50 per cent of the production of conductors will be consumed by the company's transmission business.
The remaining will be sold in the open market to both domestic and international players, he said.
Conductors are a scarce product and are mostly imported into the country. The new unit will help improve the availability of domestically manufactured conductors at competitive prices, he said.
Established in 1994 as a transformer repairing company, SSEL Group has over the years grown to become India's largest transformer manufacturing company. It is also setting up transmission projects on EPC basis. SSEL Group employs around 5,000 people and had revenues of Rs 2,680 crore in FY 2022-23.
The group is targeting revenues of around Rs 5,000 crore in the current financial year, Reddy said.



Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *