KEC International Bagged Orders Worth USD128.65 million

India: KEC International a RPG group’s company has bagged order worth USD128.65 million for transmission and distribution projects for India, Africa and Americas. Besides this, KEC’s cable business also received supply order worth USD15.73 million for cables. Managing Director Vimal Kejriwal said “In the transmission and distribution business, with substantial order wins in India, we continue to consolidate our presence in the domestic market.” The company is also looking to diversify its consumer base to SEBs and developers of PPPs.

TechSci Research depicts that Growing government initiatives for power generation and investment to increase renewable energy share in total energy mix along with replacement of aging infrastructure to drive global power and distribution transformers market until 2020. Global, power and distribution transformer market is at growing stage. Government projects, like power plants based upon non-renewable sources of energy like coal, oil and gas, along with integrated renewable energy facilities like wind and solar for electricity generation, is driving the global power and distribution transformers market.

According to a recently released TechSci Research report, “Global Power and Distribution Transformers Market Forecast & Opportunities, 2020”, power and distribution transformers market globally is projected to register a CAGR of 5.7% during 2015-20. The market is expected to witness tremendous growth on account of rising government projects, for power generation through various conventional sources of energy like coal, oil and gas, integration of renewable energy to the existing grid, and replacement of aging power infrastructure.