Transformers & Rectifiers (India) Ltd [TRIL] has achieved 8 per cent physical growth in sales of sub-220kV class transformers, during the first nine months of FY21.
In a recent investor presentation filed on stock exchanges, TRIL said that physical sales of transformers (in MVA) during the first nine months (April to December) of FY21 stood at 6,886 MVA as against 6,374 MVA in the same period of FY20. This represented a growth of around 8 percent.
However, in the 200kV-plus class, the Gujarat-based company contended with a 14 percent decline in physical sales. TRIL sold 5,842 MVA worth of such transformers in the April-December period of FY21, as against 6,805 MVA in the same period of FY20.
Overall transformers sales, in terms of MVA, were down 3.4 percent year-on-year during the first nine months of FY21.
Order book
As of January 31, 2021, TRIL had an outstanding order book position of Rs.1,015 crore, which included both domestic and international orders.
Also read: GE Power India Maintains Q2 Order Inflow In Q3FY21
The company appears to be stressing on the export business. TRIL has now entered into a long-term contract with a foreign utility in the Asia Pacific region (name of utility not specified) due to which TRIL expects to receive annual export business of over Rs.30 crore. Currently, the company is executing an export order of Rs.166 crore, which it expects to complete by October/November 2021.
In FY20, export sales (in value terms) accounted for 8 percent of the company’s total sales. This proportion has by and large been maintained in FY21. Traditional export destinations have been UK, Canada, UAE, South Africa, Saudi Arabia and Indonesia.
Technical collaborations
TRIL, it may be mentioned, has a technical collaboration with Ukraine-based ZTR for 765kV transformers, and with Fuji Electric for 400/765kV reactors and 400kV generator transformers.
(Featured photograph shows inside view of TRIL’s transformer manufacturing facility at Changodhar, Gujarat)
