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Transformer Boom: India's Power Grid Fuels Growth
15 Oct
Summary
- India plans a significant ₹9 lakh crore investment in power transmission by 2032.
- Kanohar Electricals is developing 765 kV transformers and targets ₹950 crore revenue in FY27.
- Indo Tech Transformers plans to scale capacity to 50,000 MVA by FY29.
- India plans a significant ₹9 lakh crore investment in power transmission by 2032.
- Kanohar Electricals targets higher margins with 400 kV and 765 kV transformers.
- Indo Tech Transformers expands capacity to 50,000 MVA by FY29.
India is set to invest approximately ₹9 lakh crore in its power transmission infrastructure by 2032, a move expected to boost demand for transformer manufacturers. Government programs like the Green Energy Corridor further amplify this investment.
Kanohar Electricals is strategically shifting towards higher-margin, high-voltage transformers, including 400 kV and developing capabilities for 765 kV. The company projects ₹950 crore in consolidated revenue for FY27.
Indo Tech Transformers is scaling its manufacturing capacity from 14,000 MVA to 50,000 MVA by FY29 through a ₹495 crore capital expenditure plan. This expansion will support its entry into extra-high-voltage segments, including 400 kV transformers for Battery Energy Storage Systems.
Both companies are capitalizing on the expanding power grid. Kanohar Electricals shows strong recent earnings growth and is moving into 765 kV, while Indo Tech Transformers has an ambitious expansion plan and a substantial order book.
