Vision & Mission
Techno Electric & Engineering Company Limited was established with a mission to provide comprehensive engineering procurement and construction services to core sector industries in India.
The Company has assumed a leadership position on the back of state-of-the-art technology (in the form of computerised engineering services), fully-mechanised on-field operations, and high standards of quality management, competent human resources and resourceful financing.The Company employs 382 professionals (including engineering and management graduates and postgraduates);the core engineering team possessed a cumulative industry experience of more than 30 years as on March 31, 2015.

The cutting-edge STATCOM order and what this means for Techno Electric.

STATCOM represents one of the most exciting opportunities in India's transmission space. STATCOM, simplistically explained, works like a thermostat. It addresses a transmission network's dynamic response requirements especially when the network is periodically fed by renewable energy. The solution makes it possible to deliver full reactive current even during voltage declines. Inefficient power management can result in high network losses, network overloading, unacceptable voltage levels, voltage inconsistency and even power outages. The result is that power consumers get stable and consistent power at all times.

Over the last two decades, advancements in STATCOM technology based on the voltage source converter concept have resulted in significant benefits. STATCOM systems offer rapid response to systemic malfunctions, ensures improved voltage and power system stabilisation, enhances reliability, real and reactive power flow control, and increases power transfer limits. Even as a number of countries have invested extensively in STATCOM over the years India has been a late entrant. Only in the last year after the new government had assumed office did India begin to invest in STATCOM, closing an important technology gap in its transmission network.

The STATCOM space represents a large opportunity. The Government plans to install 50 STATCOMs at a total investment of around Rs 8,000 crore over a period of three to five years.

Techno Electric emerged as the first service provider to win comprehensive STATCOM orders aggregating Rs 268 crore at Solapur, Satna and Aurangabad, jointly with the Chinese company Rongxin.

This successful order will serve as a formidable prequalification credential for the Company to enjoy a head start towards acquiring more and larger orders over the foreseeable future.

The 'Green Energy Corridor' represents India's most exciting sunrise opportunity.

India has commissioned 33 GW of renewable energy as on December, 2014. The country now expects to commission 250 GW (7.5x its retrospective capacity) over the next seven years.

The Central Government has rolled out the ambitious 'green energy corridor' project at an estimated cost of C430 billion to facilitate the flow of renewable energy into the national grid. The project will be implemented with the assistance of Germany which has promised to provide developmental and technical assistance worth Euro 1 billion for the project.

The Indian Government has already created green corridors in Rajasthan, Gujarat and Tamil Nadu in the first phase followed by Maharashtra, Andhra Pradesh and Madhya Pradesh in the second phase (funded by KFW, Germany).

What this significant green energy investment will require is more than just a linear increase in generating capacity. The significant scale will warrant the creation of a 'green energy corridor' to integrate renewable energy capacities into the national grid. The 'green energy corridor' will need to integrate renewable energy (solar and wind) with conventional power stations.

This extensive integration will need players at ease with this specialised technology.
This extensive integration will need service providers who understand the complexities of conventional and renewable energy.
This extensive integration will need service providers who have managed to combine scale with sophistication.
Techno Electric is thus, at the right place at the right time.

Case in point: The Company reinforced its credentials in this niche through a 400 kV GIS solution in Tuticorin and a 765 kV AIS solution in Ajmer and Chittorgarh - a cumulative Rs 370 crore opportunity to be delivered by March, 2017.

 

The EPC space continues to be the mainstay of the company's business, generating surpluses for downstream annuity investments.

If there is one word that is being discussed with increasing seriousness within the Indian government, it is 'transmission'.

Since the 10th Five Year Plan, India has added 1,16,307 circuit kilometres of transmission capacity. PGCIL operates around 113,587 circuit kilometres of transmission lines and plans to spend Rs 1 trillion to increase India's inter-regional power transfer capacity from 46,450 MW to 72,250 MW by 2017. The capital expenditure planned by PGCIL for the current year is Rs 32,500 crore (Source: Live mint, June, 2015).

The Company enjoys an entrenched presence in India's EPC space for more than three decades. It has lent an able hand in the creation of nearly half of India's installed thermal capacity. It has played a pivotal role in building the country's national grid for interregional transmission.

Techno Electric has more than just showcased its competencies in project execution, cutting-edge methodologies and timely project completion. It has facilitated India's graduation to the next level of energy security.

When India selected to graduate from the 400 kV substation segment to 765 kV and higher, Techno Electric provided the competence that catalysed this transition. The result is that even as the 765 kV segment now accounts for the largest portion of the orders, the Company enjoys a leading position in this segment.

The result was that EPC order book grew from Rs 1,200 crore at the close of 2013-14 to Rs 2,025 crore at the close of the year under review