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Archana Chaudhary

Mumbai , Oct. 1

BAJAJ Electricals, one of India's major electrical appliances company, is betting big on power transmission.

The company hopes it will see its earnings from its recently set up transmission business double to Rs 300 crore, from the present Rs 150 crore, over the next three years.

Bajaj Electricals began with small orders for building transmission towers four years ago. The company has seen the business grow to more than Rs 100 crore with more orders from the Government-owned Power Grid Corporation Ltd and various State electricity boards.

"We expect more orders over the next few years as PGCIL has announced plans to execute transmission projects of up to Rs 70,000 crore. We had kept in mind the potential of this business at the time of setting up our Rs 45-crore high mast, transmission line tower and galvanising plant at Ranjangaon near Pune," Mr Lalit Mehta, Senior Vice-President and Head (Engineering & Projects Business Unit), told Business Line.

Although the company has worked as a sub-contractor supplying transmission towers to PGCIL's contractors, it will now supply and install 400 kV double circuit transmission line towers for PGCIL's Almatti project. It will also supply transmission towers of 220 kV/132 kV to Andhra Pradesh Transmission Company.

"These two projects will qualify Bajaj Electricals to participate in all PGCIL tenders on our own," Mr Mehta said. With this, the company will compete with the existing players KEC International, L&T, Hyundai, Jyoti Structures and Kalpataru vying for the transmission business.

Bajaj Electricals has been making high mast lighting for airports, oil companies such as Indian Oil, BPCL, HPCL among others and telecom towers for Reliance Infocomm, Bharti, Tata Teleservices, etc.

"But we see more growth in the transmission line towers business. We have also executed a small export order to Laos. And we see exports forming at least 20 per cent of the total transmission business over the next two years," he said.

More Stories on : Outlook | Electrical Goods

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