Businesses in India be it large or small have been confronting a tough time as economic instability is prevailing in the country for a long while which took a worse shape after Covid 19. However, a slow and satisfactory demand has recently been noticed in the transformer industry as it is an integral part of the electricity distribution system. A high quantum of electricity is still delivered to many parts of the rural regions in India that still need a huge electricity distribution network.
Being a major player in this space, Lakshmi Transformers and Electricals (LTE) began its operations in 1992 with the manufacturing of Power and Distribution Transformers and later diversified into EPC Turnkey Contracts. Presently, it is the one of the most major suppliers of Transformer and EPC to the Government Departments all over India including states like Madhya Pradesh and Maharashtra with the biggest volume currently going to their home state Uttar Pradesh. It also exports transformers to many countries outside India majorly in the African Region.
The Government DISCOMS or the EPC Contractors who are into complete Turnkey Government Electrification Projects which are involved in Underground Cabling, Feeder Separation, etc. are the major buyers of transformers. LTE itself also undertakes these kinds of projects in their second line of business as an EPC Contractor apart from the manufacturing of transformers. It mainly
focuses on quality while serving its clients by minimizing power loss and with no compromise. With about 30 years of experience and knowledge, it understands the needs and expectations of its customers.
“When a transformer is installed or simply kept in the customers store during the guarantee period it may have to face any kind of use or misuse due to the client’s lack of knowledge especially in the rural areas, we take all special precautions to counter that before it leaves the factory,” says Mr. Sanjay Singhal, the founder. The company is determined to avoid any situation of failure or any compromise in quality as that would defy its efficiency as guarantee period repair is a big financial burden for its customers and thus LTE puts all its efforts to make it extra robust in the first place. Thus, it builds transformers that can work for the longest time and makes sure that guarantee period repair remains nil.
We can build around 2000-3000 transformers a month from both its factories located in Agra. Every transformer is examined for quality through a variety of tests in the presence of its customers as a part of their inspection process
“We can build around 2000-3000 transformers a month from both our factories located in Agra. Every transformer is examined for quality through a variety of tests in the presence of its customers as a part of their inspection process,” Sanjay adds. Any minor changes required are done instantly to meet the needs of its customers. Again, if any discrepancy is detected while testing, then immediately it is repaired by identifying which of the multiple components went wrong while building it.
This has helped the company to maintain a strong bond with its customers for ages now. However, due to the Covid-19 Pandemic costs for raw materials like CRGO and Copper have skyrocketed making it difficult for buyers to purchase transformers on a higher at this moment. The government and their associated bodies are again unable to offer the same price variation to their suppliers which is creating uncertainty on both sides.
Though several challenges like the above keep moving around, the transformer market still has a high scope of expansion and thus LTE is targeting to join hands with more countries for supplying transformers and EPC. With the focus to keep revising its design and stay on the optimum level to achieve the best level of efficiency and making it cost-effective for its consumers, it aspires to reach and serve more customers keeping its roots intact.