Rs 100 crore AREVA transformer factory in Hosur

Hosur, June 12 (UNI) AREVA Transmission and Distribution, one of the world's leading T and D companies today laid the foundation stone for Rs 100 crore instrument transformer factory here.

Tamil Nadu Power Minister Arcot Veeraswamy laid the foundation stone for the new facility.

''This strategic move demonstrates AREVA T and D's technical competence and market consolidation plans in the high-voltage instrument transformers business'' Executive Vice President Marius Vassoille said at the function. This would be the third unit of Areva in Tamil Nadu, the company had eight fully functional manufacturing units in India, he said.

The new facility would provide direct employment to 300 when fully functional, he said.

According to the company officials, Hosur site would be a world class Competency Center for High Voltage (HV) Instrument Transformers up to 800 KV and Medium voltage ranging from 145 to 245 KV. It would also manufacture Line Traps up to 800 KV and Condenser Bushings for Power Transformers up to 400 KV. Increasing its export potential to Asia, except China, was also in the offing, they said.

AREVA, the world leader in the Instrument Transformers product segment, with 26 per cent market share in this segment, was poised for greater investment opportunities in dynamic markets of developing nations of Asia, particularly India, the officials said.

UNI