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Yule pact for power tools

Kallol Datta in Calcutta on Thursday. Picture by Kishor Roy Chowdhury

Calcutta, Feb. 6: Andrew Yule & Company Ltd is looking to expand its presence in the high-voltage transformer market and has entered into a technical tie-up with Russian transformer manufacturer Togliatti Transformator.

Transformers are devices that ensure seamless transfer of electricity across different voltages.

The company will invest Rs 150 crore to set up a second plant in Chennai. Talks are on with the Tamil Nadu government for land. Its existing unit in Chennai produces power transformers with a manufacturing strength of 1100MVA.

The company plans to enhance its range of transformers from the current level of 132KV to 400KV and thereafter to 765 KV. The PSU company has set a bullish target to increase its turnover of Rs 110 crore from the electrical division to Rs 500 crore within five years.

Andrew Yule, which has three facilities in Calcutta manufacturing distribution transformers, may add another unit in Bakrahat near Behala if it gets government orders. The company has 10 acres in Bakrahat and is open to investing about Rs 100 crore. The three facilities in the city are at Thakurpukur, Mayurbhanj Road and on Transport Depot Road.

“With this agreement, Andrew Yule will be able to cater to the country’s UHV (ultra-high voltage) transformer requirements at reliable and competitive prices. The overall market is heading towards that direction. The present market size of transformers is around Rs 12,000 crore and is expected to touch Rs 30,000 crore by 2022,”chairman and managing director Kallol Datta said.

“Togliatti is giving us all kinds of support and will also help us in designing the factory. We might also get into engineering, procurement and construction (EPC) contracts in a big way.”

The company also has interests in tea and engineering and its overall turnover stands at Rs 350 crore. This could touch Rs 1,000 crore in five years with encouraging prospects witnessed in the electrical and engineering segments.

Datta said the company was making cautious moves towards EPC and would set up only gas-insulated sub-stations, where the major equipment are kept in a sealed environment with sulphur gas as the insulating medium.

 
 
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