Given the big thrust on electrification – 6,600 km of rail that the government wants electrified - Jitendra Mamtora, chairman of Transformers and Rectifiers believes this will improve the performance of the industry as a whole.
He hopes to benefit when electrification of non-electrified lines pick up pace.
Below is the verbatim transcript of Jitendra Mamtora's interview with Reema Tendulkar & Latha Venkatesh on CNBC-TV18
Reema: Is there anything in the Budget which can benefit the financials of your company at least for the next one year?
A: Not really, except for the electrification. When it goes to the electrification of non-electrified lines, if that happens then we come into the picture because we as a manufacturer of transformer can have big stake there.
Latha: That was a big thrust. It was 6,600 kilometres of rail that they want electrified. That was part of the railway minister’s speech. Would that make a big difference to you?
A: Yes, it will of course make a big difference because as I said electrification means they will need more power, they will need more transformer and power utilisation of the utilities or the power generating companies because of lack of the transmission lines are unable to do it. So, this will become a major improvement in the performance of the industry as a whole. As the electrification takes place, means they will have to give power only at one point and then they go on supplying the power.
Latha: What was the order that you got in FY15 from the railways for electrification?
A: We didn’t get anything. We are not a regular supplier to the railways because there are a lot of hurdles in getting approval and all that. Now we have got the approval and so it will become easier for us to get into this. Last year we hardly had some Rs 10-12 crore order from them and that order is finished. Now we will become a regular supplier and we definitely will get enquiries and more orders eventually.
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