From AR : Domestic and Export demand continues to be very strong
A number of government initiatives to upgrade the current grids along with the installation of cutting-edge technology will fuel the expansion of the power transformer industry. Global demand is anticipated to be driven by an increase in the use of 100 MVA to 500 MVA products in transmission networks. The government has also announced large target for installation of renewable energy capacity. This is generating high requirement of transformers for solar & wind applications. Various governments in Middle East & Africa are also taking initiatives in renewable energy production which is driving high demand for transformers.
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