CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
APAR Industries Ltd announces expansion of capacity under CTC business
Manufacturing - Nov 21,2024 -APAR Industries has announced expansion of production capacity for its Continuous Transposed Conductor ("CTC") business to cater to increased demand available on account of focused prioritisation by Government in Power and Generation Equipment.
Post the expansion, the total annual production capacity for CTC will be 20,490 MT gradually by the 3Q FY26 which will be 3x of current levels.
Manish Agrawal, CEO - Conductor and Telecom division said, "As per National Electricity Plan released in Oct '24, 1,91,474 ckm of transmission lines (from 4,56,716 ckm to 6,48,190 ckm) and 12,74,185 MVA of transformation capacity for 220 kV and above voltage levels (from 10,70,950 MVA to 23,45,135 MVA) are planned to be added during the period 2022-32."
"We are optimistic on the prospects of the transmission segment in India and worldwide. The proposed expansion will augment our existing market penetration in the CTC segment. Further, as the customer base for transformer oil and CTC are the same, we strongly believe we will be able to synergise our leadership strength in the transformer oil segment to further expand the CTC business globally," Manish added.
Recent News
◉ MEIL secures Rs 13,000 crore nuclear reactor contract - Apr 25,2025◉ EV firm PURE unveils 5MWh grid storage solution - Apr 25,2025
◉ Uppercase to establish its luggage manufacturing plant in Nashik - Apr 25,2025
◉ Titagarh-BHEL collaborate on Rs 24,000 crore project - Apr 25,2025
◉ RITES secures Rs 28 crore Rail Infra contract from Mahanadi Coalfields - Apr 25,2025
◉ HG Infra Engineering qualifies for major battery storage project by GUVNL - Apr 25,2025
◉ Servotech wins 4.1 MW Rooftop solar project from Waltair Division, East Coast Railway - Apr 25,2025