Buoyed by the growth in the transmission and distribution segments, power equipment manufacturer Diamond Power Infrastructure (DPIL) plans to invest Rs 770 crore over the next three years to fuel its expansion plans, a top company official said.

“There is huge growth potential in transmission as well as distribution sectors as power generation is expected to grow by 80,000 mw in the 12th Plan period. To meet this demand, we will be investing around Rs 770 crore over the next three years for expansion,” DPIL Managing Director Mr Amit Bhatnagar told PTI here.

DPIL is engaged in five business verticals -- cables (low, high and extra high voltage), conductors, transformers, towers and various EPC projects where it undertakes planning, designing and commissioning of turnkey transmission and distribution projects.

“Demand for replacement and improving power distribution system is driving growth for our products. We have also introduced extra high voltage (EHV) cables which will further boost our revenue growth,” he said.

The company has an installed capacity to manufacture 34,300 km of low voltage cables annually that can transmit power of up to 1.1kv. Similarly, it also has manufacturing capacity of 5,800 km of high voltage cables with a carrying capacity of up to 132 kv and extra high voltage cable of 2,000 km which can transmit over 220 kv.

DPIL also plans to introduce a few more products including unitised substations and gas cables, he said.

A unitised substation comprises various substation equipment housed inside a metal enclosure such as a step-down transformer, a vacuum circuit breaker or a ring main unit on HV side and LV distribution panel in LV side compartment.

“With the introduction of these products we expect our revenue to grow 30-35 percent next fiscal and Rs1,200 crore revenue this financial year,” he added.

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