Transrail Lighting Ltd has forayed in the substation and railways electrification businesses and secured orders worth Rs.395 crore which are now in execution stage.
The substation mandate includes orders from Madhya Pradesh Power Transmission Co. Ltd (MPPTCL) for two 400kV substations and from Chhattisgarh State Power Transmission Co. Ltd (CSPTCL) for three 220kV substations, Transrail said in a release.
Transrail bagged the railway electrification order from IRCON International Ltd for electrification of over 200 track km in Madhya Pradesh.
Transrail hopes to cash on opportunities coming from the 3 lakh MVA of new substation capacity, expected to come up during 2017-22, says D.C. Bagde, MD
Commenting on the market opportunity, D.C. Bagde, Managing Director, Transrail Lighting Limited said, “With Government’s focus on bringing down the aggregate technical and commercial (AT&C) losses, T&D spending is expected to gravitate towards substations. An estimated 300,000 MVA of substation capacity addition over the 13th Five Year Plan (2017-2022) represents a huge opportunity for power T&D players and Transrail is hoping to corner a meaningful part of it.”
On the railway electrification front, Bagde observed, “The government has proposed to run India’s entire rail network on electricity to cut down on pollution and its diesel bill. The government’s plan of working towards electrification of over 30,000 km of tracks over the next five years is expected to augur well for the company. Further, laying of new tracks also presents a vast opportunity for the sector and Transrail.”
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Transrail wins Rs.904 crore of new orders in H1 of FY18
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