The Hindu Business Line : Goldstone Tele plans foray into nanotech sector

Hyderabad, July 16 Goldstone Teleservices Ltd (GTSL), which made the first composite material based insulators for power sector applications, now plans to venture into nanotechnology, to diversify its product mix.

With investments of up to Rs 6 crore to be made in Research and Development (R&D), the Hyderabad-based company wants to find suitable nano particles that will improve efficiencies in power, energy, automobile and other sectors.

IIT collaboration

It is planning to collaborate with the IIT, Delhi and hopes to get at least one indigenous product into the commercial market in the next 6-8 months, according to Mr M. Surender Nath, Executive Vice-President of GTSL.

Having started the R&D division in 2000, GTSL, part of the diversified Goldstone Group is keen on increasing its team and equipping itself with machinery and facilities that would allow it undertake frontline research in these areas.

During the present fiscal, it is importing injection moulding machines and compression machines to beef up work on composite insulators (polymer based), as an alternative to existing ceramic insulators and increasing manpower, Mr Nath told Business Line.

GTSL, makes composite insulators (silicon rubber plus a few other patented materials), which go into power lines of 11, 25, 33, 66, 132, 220 etc. KV for efficient transmission of power and is a major supplier to the Indian Railways and Electricity Boards.

The insulating product helps in reducing power loss, protection and is a lightweight, less maintenance, self-cleaning property, cheaper alternative to ceramic or porcelain insulators used for over a century in the country.

The product has also been put through quality tests from the Italian CESI, he said.

The company is planning to make fuse cutters for transformers and post insulators that could be used in electric sub-stations as part of its expansion.

GTSL has done Rs 25 crore of business through its composite insulators last year and has set a target of Rs 65 crore for the current fiscal.

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