 "Transformers and Rectifiers forms JV with China's Jiangsu Jingke")
Transformers and Rectifiers India Ltd (TRIL), one of India’s leading transformer manufacturing companies, has forayed into transmission and distribution (T&D) sector through the formation of a joint venture with China’s Jiangsu Jingke Smart Electric Company Limited to manufacture products such as gas-insulated substations (GIS) and hybrid gas insulated switchgear (HGIS), etc, in the country. While TRIL will own 60 percent stake in the JV, Jiangsu Jingke will hold the remaining stake.
“Transformers and Rectifiers has entered into a joint venture agreement with Jiangsu Jingke Smart Electric Company Limited of China for purpose of starting the business of manufacturing and marketing of GIS/HGIS/TGIS systems and products for 220kV and below and distribution products of 40.5 kV and below in India,” said TRIL in a BSE filing.
Demand for gas-insulated substations is growing in the country with utilities increasing usage of GIS as space becomes restriction and technology is getting advanced. “This is logical foray for a TRIL for diversification in T&D segment,” added the company.
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