Leading electrical equipment manufacturer – Areva T&D – has set aside Rs 700 crore for its capacity expansion plan.
It is currently involved in setting up a second transformer facility in Baroda having a capacity of 765 kilo vaults. The plant’s capacity would later be raised to 1,200 kilo vaults.
The company is also in talks with Bharat Heavy Electricals (BHEL) to form a joint venture for manufacturing nuclear reactors. Its clients include state-run NTPC, PowerGrid, GMR and Reliance Power amongst others.