BHEL have set a record by commissioning 15 GW Power Generation plant in the FY16

India: Bharat Heavy Electronics Limited (BHEL), a state run company has set a new record of commissioning 15 GW power generation capacity worth INR 43,727 crore in the fiscal year 2015-16. With the achievement of 15 GW installed capacity, BHEL have exceeded the installed base of 170 GW power generating equipment supplied across the globe. This installed capacity provides the highest addition of 13,061 MW to the Indian utility segment, which is around 59 percent higher than the previous year.

TechSci Research depicts that the increase in the power generation capacity in India would drive the demand for Power and Distribution transformers. Indian government is focused towards expansion of the country’s T&D network with significantly higher investments in 12^th five-year plan compared to the previous plans, which is expected to result in robust growth in the power & distribution transformers market over the next five years. In addition, Indian government is focusing on restructured accelerated Power development and reforms programme which is aimed at providing basic power infrastructure to rural inhabitants and households in the country, which will provide impetus to power and distribution transformers market in India.

According to recently released TechSci Research report, “India Power and Distribution Transformers Market Forecast and Opportunities, 2020”, the potential of power & distribution transformers market in India is in a growing phase and it is projected to grow at a CAGR of over 10% till 2020. Power transformers contribute a major portion in overall market revenues due to their higher price points. Under the 12^th five-year plan (2012-2017), Indian government allocated US$ 200 billion for strengthening the country’s power generation, transmission and distribution sector.