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Wire & Cable ASIA – November/December 2016
India Insight
Wire & Cable ASIA – May/June 7
Sales consideration
Shares in the Indian manufacturer Usha Martin gained
nearly nine per cent after its board of directors appointed a
consultant to evaluate the possibility of the sale of its wire
and wire rope business.
The company confirmed: “A committee of independent
directors will oversee the process, and recommend suitable
offers to the board for its consideration,” adding: “[The] actual
sale of the business will only be undertaken by the company
after due consideration, and by following due process of law,
and with appropriate regulatory, shareholders’ and lenders’
consent as applicable.”
During 2016 the company recorded increasing net losses.
Usha Martin – India
Website:
Knowledge sharing
KEI Industries rose 2.56 per cent on the Bombay Stock
Exchange after the company revealed it had signed a
technical collaboration agreement with Switzerland’s Brugg
Kabel AG.
KEI Industries has signed the agreement with Brugg Kabel
AG to manufacture extra-high voltage cables, above 220kV
and up to 400kV, at its manufacturing facility at Chopanki in
Rajasthan. Operation of the new production line began in
January.
The collaboration agreement will allow KEI complete
knowledge transfer, including design, manufacturing,
testing, techniques, and training of its manufacturing and
design personnel. Manufacture of cables, jointing
techniques, and complete EHV cable and system design will
also be included.
KEI Industries – India
Website:
Storage first for India
Mitsubishi Corporation and AES India, a subsidiary of the
AES Corporation, will develop a storage facility for the
electric grid operated by Tata Power Delhi Distribution Ltd.
The companies will develop and own the 10MW Advancion
system, believed to be India’s first grid-scale energy storage
array. The Advancion system will be constructed in Rohini,
Delhi, at a site operated by Tata Power-DDL, and is
expected to be operational by the end of 2017.
“For a rooftop solar programme to be successful, it is
important for the distribution network to integrate it with
energy storage solutions to take care of power generation
spikes and fluctuations, system stability, reactive power
compensation and grid emergencies,” said Praveer Sinha,
CEO and MD, Tata Power-DDL.
There are plans for the installation of 160,000MW of solar
and wind generation in India over the next five years, and
energy storage will play a critical role in ensuring its
integration into the grid, AES added.
Mitsubishi Corporation – Japan
Website:
AES India – India
Website:
Acquisition in harness
Motherson Sumi Systems Ltd (MSSL) is to acquire the
Finnish wiring harness maker PKC Group.
Helsinki-headquartered PKC is a global tier 1 supplier of
wiring harnesses and associated components to OEMs in
the heavy and medium duty commercial vehicles and
locomotive segments across North America, Europe, Brazil
and China. The company has over 22,000 employees.
MSSL is a supplier of wiring harnesses for commercial
vehicles in the North American and European markets.
The proposed acquisition of PKC will support MSSL’s
expansion into the global wiring harness market for
commercial vehicles. The companies show minimal overlap
between their operations, in terms of geographical
presence, but synergy in their product segments.
Motherson Sumi Systems Ltd – India
Website:
Indo-Nepal power sharing
In view of the power projects under development, Nepal and
India have agreed to lay new cross-border transmission
lines. The Indo-Nepal Joint Working Group and Joint
India-Nepal Steering Committee on Power Cooperation
have discussed new Butwal (Nepal) to Gorakhpur (India) and
Lumki (Nepal) to Bareilly (India) transmission lines, and the
establishment of new 400kV substations at Dhalkebar,
Butwal and Hetauda (all in Nepal).
The Power Grid Corporation of India has expressed its
readiness to design special training courses to meet the
requirements of the Nepali engineers in operational and
commercial issues.
During discussions Nepal conveyed its appreciation of
India’s efforts to supply more electricity to Nepal, making
several regions, including Kathmandu, free of load-shedding
this winter.
The current import of 380MW of power from India has been
possible after the installation of an additional transformer at
Muzaffarpur, and by by technical improvements at Tanakpur
at Nepal’s request.
With the commissioning of two new lines, Raxaul to
Parwanipur and Kataiya to Kusaha, installed capacity for the
export of power to Nepal was expected to increase by up to
120MW by the end of February 2017. Further, with the
completion of a 220kV substation at Dhalkebar, installed
capacity will increase to almost 700MW by the middle of
2017.