View Point
Bhushan Sawhney, Executive President, Polycab India
“We have revered our long-term association with IEEMA, which is why Polycab India Ltd was the main sponsor of the IEEMA Buildelec exhibition conducted at BIEC, Bangalore. Power ministry officials graced the event with engaging seminars on each of the three days.
The well-laid-out display showcased our unmatched credentials in cables for oil & gas, railways, telecom sector etc. Also, on display were our innovative and unique products like eco-friendly Polycab Green Wires, IGNIS Fire Survival Cables and Hohm – Smart home automation solutions.
Bangalore is a promising market for Polycab with immense potential for its wide range of products, from wires and cables to smart home solutions.”
Bhushan Sawhney, Executive President & Chief Business Officer (Cables), Polycab India Ltd expressed this view shortly after the Distribuelec 2022 event organized by IEEMA in Bengaluru, during May 25-27, 2022. Distribuelec also included Buildelec – an exposition on building electrical systems.
Vimal Kejriwal, MD & CEO, KEC International
- May 3, 2022
“We have delivered a steady performance for the year. While we are pleased with the impressive growth in order intake and developments on the strategic front, we had a challenging year in terms of revenue and profitability, in the face of challenging global headwinds and adverse commodity prices.
In line with our strategy of portfolio diversification, our revenue share of non-T&D businesses has increased to 50 per cent this year vis-à-vis 42 per cent last year. Our Railway and Civil businesses continued their growth momentum as they expanded their portfolio in new and emerging segments. Our Cables business demonstrated an exemplary performance by clocking its highest ever revenues and profitability. With the softening of commodity prices recently, thrust on execution, robust order book + L1 of over Rs.28,000 crore and a strong tender pipeline, we are confident of an improved performance going forward.”
Vimal Kejriwal was so quoted in an official release announcing the company’s financial results for FY22.
Vipul Ray, President, IEEMA
- Mar 25, 2022
“It is a proud moment for the country to cross this landmark, in which the contribution of electrical equipment and allied industry is approximately 3 per cent, which is up by 1 per cent from the last year. If the naturally available resources or grown products are deducted from total exports of India, then the share of this industry is approximately 4 per cent.
Raghavendra Mirji, Senior Vice President, Godrej Electricals & Electronics
- Jan 10, 2022
“The announcement of Union Cabinet’s approval of Rs.12,000-crore Green Corridor Phase-2 project, which will facilitate the integration and evacuation of renewable energy from seven states is of great significance in achieving the ambitious target of 500 GW of Renewable energy by 2030.
N. Venu, MD & CEO, India and South Asia, Hitachi Energy
- Jan 4, 2022
“We are seeing green shoots of recovery in core sectors – mainly government-owned metals and oil and gas industries.
Animesh Damani, Managing Partner, Artha Energy Resources
- Dec 24, 2021
“The rooftop solar sector has suffered the most significant CY 2021 due to the proposal to limit net metering.
Shreegopal Kabra, Managing Director & Group President, RR Global
- Dec 23, 2021
“The wires and cables industry in India witnessed a significant growth of 10 per cent last year. Having always been an essential part of the manufacturing industry and with the added impetus provided by the recently introduced government initiatives, the wires and cables industry is now set to record a growth of 10-15 per cent in 2022. With the country’s increased focus on various sectors such as infrastructure, healthcare and affordable housing, the demand for wires and cables have increased significantly.
A recent report by KPMG highlights that India’s manufacturing GVA grew to Rs.16.9 lakh crore in FY20 at an average growth rate of 9.7 per cent since FY12. The industry is further backed by strong government-led initiatives such as the PLI scheme, Atmanirbhar Bharat, 100 Smart Cities etc. which is paving way for the industry to grow and create more job opportunities for this sector as well. Furthermore, according to a recent report, the real estate industry is all set to reach a market size of $1 trillion by 2030 and will contribute 13 per cent to the GDP by 2025. This indicates a larger growth potential for the wires and cables industry and the ability to cement its name in the global manufacturing industry.”
Shreegopal Kabra was expressing his views, in a company statement, on prospects for the wire and cable industry for 2022 and beyond.
Dinesh Aggarwal, Joint Managing Director, Panasonic Life Solutions India
- Dec 23, 2021
“The year 2021 was majorly affected due to the high intensity of the second wave. It has been a tough year on all businesses, though we are seeing an upswing in the manufacturing and services sectors. During Covid our complete focus was on employee well-being, business recovery, and increased engagement. We have set ourselves an ambitious goal of achieving carbon neutrality by 2030. We also worked towards creating products and technologies that can provide more comfort, safety and energy savings to our customers.
Panasonic Life Solutions India has had a major convergence of IoT appliances and devices on our integrated platform (MirAIe) and has moved many steps ahead in this year to redefine the future of automation with built in AI for homes and commercial buildings. We have also taken very significant steps towards providing energy management and building management systems. This year we have successfully launched many new series of products including Ziva range of Switches and UNO Plus Switchgear series which highlight safety and security. Additionally, our solar business took a big leap in domestic market and exports and while we augmented our range of modules, we also added solar inverters to our range and will soon introduce residential solar kits for rooftops in our portfolio of sustainable solutions.
Also read: Panasonic Life Solutions India Adds ‘UNO Plus’ Series To Switchgear Portfolio
In 2021, we have shown consistent resilience and in 2022 while we will continue to provide products aligned with the market demand, our focus will remain to contribute towards the sustainability and clean energy goals of India”.
Dinesh Aggarwal was expressing his views on the business climate whilst discussing his company’s achievements in year 2021.
N. Venu, MD & CEO, India & South Asia, Hitachi Energy
- Dec 20, 2021
“The year 2021 saw fresh fervor toward sunrise sectors such as electric vehicles (EVs), datacenters, and renewables- from the government through productivity-linked incentive schemes and from corporates via investment in green businesses. 2022 beckons opportunities in the right direction.
The two years of Covid-19-led unprecedented disruption have ushered in faster adoption of digital power technologies in sectors such as transmission works and rail. Hitachi Energy has had a strong play in metro and rail, power transmission, and renewables this year — we advanced Indian Railways’ mission to achieve net-zero emissions via rail electrification solutions, India’s Power-for-All drive by commissioning one of India’s longest UHVDC transmission links from Raigarh to Pugalur, as well as provided our technology for a multitude of solar and hydro projects alongside to datacenter players propelling India’s Energy Transition.
With India aiming to hit 500 GW in renewable energy by 2030, the pace of development in sunrise sectors will also pick up. We expect industrial CAPEX to pick up only by the second half of 2022. Rail electrification, urban metro, and regional transport system will also drive growth, bringing in fresh opportunities for us.
Also read: Hitachi Energy Automates Power Distribution For New Kolkata Metro Line
Yet challenges ranging from new variants of the Covid-19 virus such as Omicron, high commodity prices, material shortages especially pertaining to semiconductors will likely weigh on market recovery.
We need greater support and stimulus in the power industry, including in EV charging infrastructure, and faster decision-making on transformational projects”.
Excerpted from a company statement where N. Venu expressed his prognosis of 2021 and outlook for 2022.
Shekhar Bajaj, CMD, Bajaj Electricals Ltd
- Dec 9, 2021
“Over the past couple of years, the Power Transmission and Power Distribution business verticals have sharpened their operational focus, ensuring project closures, increased cash flows, reduction in receivables and repayment of most of the debt, whilst simultaneously focusing on health and safety and ESG in general. We believe the time is now ripe to build further on this and review our structures to enable unconstrained business growth for each business segment. We will continue to leverage our legacy and our strengths in our people, project management, operations and manufacturing, to better serve our customers and all stakeholders.”
(Shekhar Bajaj, Chairman & Managing Director, Bajaj Electricals Ltd, was quoted saying this in a company statement. The statement, dated December 9, 2021, announced that the board of directors of Bajaj Electricals Ltd (BEL) has authorized the BEL management to evaluate and recommend the proposal of housing the Power Transmission and Power Distribution business verticals as a standalone/independent legal entity.)