According to reports by Allied Market Research, the global renewable energy market is anticipated to reach USD 1512.3 billion by 2025, growing at a CAGR of 6.1 percent. Factors driving the growth of this sector include the continuous advancement in technologies and increased government funding in the renewable energy sector. Other factors include the rise in stringent government regulations regarding climate change in developed and developing economies. Some of the major players are adopting numerous strategies and are coming up with numerous powerful and efficient solutions to stay competitive in this landscape.
The global steam turbines market is anticipated to grow at a CAGR of 1.18 percent from 2020 to 2027, according to a report by Grand View Research. The steam turbine acts as an important part of the thermal plant and the surge in the deployment of a combined cycle power plant is projected to drive the market growth over the forecasted period. Moreover, constant investments across the world, in new power-generating capacity with an aim to encounter the ever-rising electricity demand across industries are also expected to bolster the market growth.
Steam turbines are one of the most reliable units for power generation and the workhorses of the power generation industry, as large steam turbines can help in achieving 47 percent efficiency. Therefore, power generation industries today look for companies offering powerful and efficient power and energy solutions.
One such leading company in the Indian power generation sector that offers cutting-edge power and energy solutions is Bangalore based Chola Turbo Machinery International (CTMI). CTMI provides solutions that are not only powerful, and efficient but also solutions that are easier to maintain. Started with a vision to be the first-choice company for steam turbines, Chola Turbo Machinery International uses state-of-the-art, efficient, and environment-friendly techniques in manufacturing turbines. Offering reliable and efficient machines, the company has emerged as a leading energy solution provider across the globe, breaking the shackles of a monopolistic market, within a short period. While recent trends have shown the turbine, manufacturing is inline with any other mass-produced items, CTMI still believes in offering tailormade and customized solutions for every client’s unique needs.
CTMI’s API Compliant Singlestage machines are globally sought after by Oil and Gas companies from countries across the globe. Similarly, Chola Turbo’s skid mounted small power turbines (up to 3 MW) are a huge hit owing to their ease of installation and plug and play nature. The company’s bigger power turbines (3 MW – 30MW) are sold all over the world owing to their rugged designs, reliability, competitive pricing, and best in the class efficiency.
Operating Successfully In Numerous Sectors With 450+ Installations
CTMI operates in a myriad of sectors such as nuclear, steel, cement, pulp, paper, metals, chemical fertilizers, sugar distilleries, petrochemical refineries, etc., and has more than 450 successful installations ranging from 5 kW to 30000 kW.
State-Of-The-Art Manufacturing Facility
What makes CTMI stand out from the rest of the players in this segment is the highly skilled and experienced manpower, backed by a state-of-the-art manufacturing facility, which enables the company to create robust and efficient designs.
This combination has not only helped the company take giant leaps in the field of turbo machinery but also emerge as a leading steam turbine manufacturer providing innovative solutions to its customers.
Chola Turbo’s state-of-the-art steam turbine manufacturing facility located in Hoskote is a 12-acre campus comprising five different bays to cater to Steam turbine assembly, heavy machining, precision machining, material preparation, fabrication, and testing. Not just that, the company also has a separate quality control setup and a Research & Development test rig.
CTMI also has an in-house boiler island which is used to conduct steam trial tests on all of the outgoing turbines. This in-house turbine testing facility enables the company to perform a no-load “mechanical run” test at the rated turbine speed and all other important safety checks, which help CTMI in fine-tuning their turbines, enabling them to ensure high-quality of the products manufactured.
Internationally Renowned
CTMI is the proud owner of internationally renowned steam turbine design technologies. The company’s manufacturing systems and quality systems are continuously reviewed and approved by global steam turbine manufacturing giants GE Baker Hughes and Siemens periodically. Not just that, CTMI’s manufacturing facilities in Bengaluru and Hyderabad are equipped with multiple modern machines and turbine testing facilities, which ensure the successful and timely execution of projects undertaken by the company.
What makes CTMI stand out from the rest of the players in this segment is the highly skilled and experienced manpower, backed by a state-of-the-art manufacturing facility, which enables the company to create robust and efficient designs
In 2015, GE approached Chola Turbo Machinery International to supply a steam turbine as per API requirements and within 6 months CTMI got their designs, their manufacturing processes, and their quality systems approved by the GE quality, design, and projects team. CTMI’s first turbine to GE was supplied in 2016 and since then the company has been able to register as a reliable global supplier to Siemens as well.
Excellent Blend Of Experienced & Young Talents
The CTMI team is an excellent blend of youth and experienced, where the heads of various Departments such as design, Projects, Quality, manufacturing, and Services are giants in their respective fields with more than three decades of experience individually. Each of them has a team of young, dedicated, and innovative sets of engineers who ensure the smooth execution of every project.
The Journey So Far
Established in the year 2001 as a proprietorship firm, CTMI turned into a private limited entity in 2005. Despite being a small and family-owned business, the company is celebrating its 20th year of operation and has become one of the top 10 steam turbine manufacturers in the world with more than 580 installations comprising of impressive global and Indian clients list. CTMI has legally obtained international designs for its single-stage and multi-stage turbines. With installations in more than 34 countries, CTMI remains the only Indian company to supply a turbine to the USA and Canada, to date. Not just that, Chola Turbo Machinery International is the only privately owned Indian company and turbine manufacturer to supply a turbine to a nuclear power plant.
“Our robust designs, excellent customer services, and above all our strict adherence to business ethics are the three major factors that contribute to our success”
Like all professionally managed companies, CTMI also follows and continuously tries to improve upon the management systems of ISO 9001, 14001, and 45001. Employee safety is of utmost importance to the company as highlighted by and a zero-accident record since 2005.
Success Factors
“Our robust designs, excellent customer services, and above all our strict adherence to business ethics are the three major factors that contribute to our success,” says Raman Sawhney, Managing Director of Chola Turbo Machinery International.
“Our Clients include Indian and Global giants such as GE Baker Hughes, Siemens, Birla Group, Fogla Group, UPL, ITC, GNFC, Infosys, etc., who have continued their patronage by giving us multiple orders. All this has resulted in tremendous growth for the company as we took over another major steam turbine manufacturer based out of Hyderabad to further increase our manufacturing capacities while enjoying a steady 26 percent average revenue growth, year on year for the last five years,” he adds.
The Journey Ahead
Currently, Chola Turbo Machinery is in the process of executing a project for Siemens. Having carved a niche for itself in this landscape, CTMI aims to consolidate its role as the market leader in the sub 15MW turbine range with innovative packages and competitive pricing. Moving ahead, the company envisions having a presence in 100 different countries across the world by 2030.
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