Home ECONOMY OTPL pledges funds for expansion of Transformer unit

OTPL pledges funds for expansion of Transformer unit

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Reported by Sandeep Pattnaik

Bhubaneswar, 23/12:

Odisha Transformers Pvt Ltd (OTPL)d, a niche player in high voltage power transformer manufacturing in the state, is all set to make a capacity addition of its plant situated at Mancheswar here, involving a sum of about Rs 4 to 5 crore, sources in the company said.logoo

“The company by investing this amount will be able to cement its base in manufacture of 33 / 11 KV power transformers,” Managing Director Jeevan Kumar Badu said on the occasion of OTPL silver-jubilee celebration here.

“The company at present has a capacity to build at least a hundred 100 KV transformers per month and so far it has produced 1400 transformers at the initial phase of the Government’s CAPEX plan,” Shri Badu said by adding, ““The CAPEX programme of up to Rs 5 crore will be funded by SBI.”

A mobile testing laboratory –cum-emergency van was inaugurated on the occasion, which can go mobile for repair and maintenance of the transformers at various sites.