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India’s outlay for railway electrification has been increased by 50 Percent with target of 2000 Km in FY 2016-17

India: On 25 February 2016, Railway Minister Suresh Prabhu presented his 2nd Railway Budget in Parliament. Railway Minister has set a target to electrify 2,000 RKM in FY 2016-17. Budget allocation for electrification has also increased by 50 per cent of FY2015-16. Three new freight corridor are also announced which will come in North-South connecting Delhi to Chennai, East-West connecting Kharagpur to Mumbai and East Coast connecting Kharagpur to Vijayawada. Suresh Prabhu also proposed a capital expenditure of INR 1,200 billion for FY 2016-17, a 20 per cent increase over last years. This capex plan will be achieved through joint venture with states and through enhanced market borrowing through rupee denominated bonds.

TechSci Research depicts that with the Government’s target to electrify additional 2,000 RKM, and creation of 3 more freight corridor will give major impetus to the power and distribution transformer companies like ABB, Siemens, BHEL. To meet the target, TechSci Research has projected that Power and Distribution Transformers companies will need to ramp up their manufacturing capacity.

According to released report of TechSci ResearchIndia Power and Distribution Transformers Market Forecast & Opportunities, 2020”, the power and distribution transformers market in India is projected to grow at a CAGR of over 10% till 2020. These investments in electrification of railways will give large boost to the market of power and distribution transformers.

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