Vadodara: Mahindra Intertrade Ltd (MIL), a wholly owned subsidiary of Mahindra & Mahindra Ltd (M&M), on March 12 opened an electrical steel processing plant here. The company has initially infused Rs 30 crore on the plant, set up in 10 acres, to operate as a one-stop shop for processed electrical steel requirements. It will manufacture laminations for transformer cores, giving a high-tech processing back-end for transformer OEMs located in Gujarat, which has recently saw soaring growth in the power sector led by MNCs such as ABB.
The plant''s location near Vadodara ensures proximity of the facility to power transformer manufacturers most of whom are located in Central and Western India. The domestic transformer industry is set to gain from the strong demand hoped from reforms in the power sector. The Government has also transferred focus from adding generation capacities to strengthening the distribution system. MIL had opened the country''s first steel service centre Mahindra Steel Service Centre, in 1993, near Pune together with its Japanese partners Mitsubishi Corporation and Nissho Iwai Corporation for home appliances and transformer industries.
The plant''s location near Vadodara ensures proximity of the facility to power transformer manufacturers most of whom are located in Central and Western India. The domestic transformer industry is set to gain from the strong demand hoped from reforms in the power sector. The Government has also transferred focus from adding generation capacities to strengthening the distribution system. MIL had opened the country''s first steel service centre Mahindra Steel Service Centre, in 1993, near Pune together with its Japanese partners Mitsubishi Corporation and Nissho Iwai Corporation for home appliances and transformer industries.
