Latest news with #IntegratedPowerDevelopmentScheme
News18
2 days ago
- Business
- News18
Power Finance Corp Q1 profit grows 25 pc to Rs 8,981 cr
Agency: PTI Last Updated: New Delhi, Aug 6 (PTI) Power Finance Corporation (PFC) on Wednesday reported 25 per cent rise in consolidated net profit at Rs 8,981 crore for June quarter 2025-26, mainly on account of higher net interest income. PFC, a government-owned NBFC, had logged a net profit (profit after tax) of Rs 7,182 crore in April-June 2024-25, the company said in a statement. In the first quarter, the company's consolidated loan asset book grew 13 per cent to Rs 11,34,347 crore from Rs 10,04,735 crore as on June 30, 2024. Total income rose to Rs 28,628.92 crore from Rs 24,736.68 crore in the year-ago quarter. Expenses were at Rs 17,429.93 crore as against Rs 15,843.01 crore. The company's board also declared an interim dividend of Rs 3.70 per share of face value of Rs 10 each for FY26. Gross NPA declined from 2.97 per cent in Q1FY25 to 1.47 per cent in Q1FY26. In the quarter, PFC reported a standalone net profit of Rs 4,502 crore, marking 21 per cent Y-o-Y growth, primarily driven by 26 per cent increase in net interest income, Director (Finance) Sandeep Kumar said. 'Our financial position remains resilient, underpinned by a healthy capital adequacy ratio and continued improvement in asset quality," he added. Chairman and Managing Director Parminder Chopra said the quarter marked the company's highest ever first-quarter disbursements. 'We recorded a robust year-on-year growth of 16 per cent, with our renewable energy portfolio growing impressively by 36 per cent." Under Ministry of Power, PFC is a nodal agency for the development of Integrated Power Development Scheme, Ultra Mega Power Projects and Bid Process Coordinator for Independent Transmission Projects. PTI ABI ABI ANU ANU view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Associated Press
21-04-2025
- Business
- Associated Press
Power Transformers Market Size and Shares Analysis (2025-2033) Featuring Bharat Heavy Electricals, Daihen Corp., General Electric, Hitachi & More
DUBLIN--(BUSINESS WIRE)--Apr 21, 2025-- The 'Power Transformer Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to offering. The Power Transformer market is expected to reach US$ 52.16 billion by 2033 from US$ 26.87 billion in 2024, with a CAGR of 7.65% from 2025 to 2033. The market is mostly driven by the growing need for electricity in the commercial and industrial sectors to run heavy machinery and electronic appliances, the widespread use of renewable energy, and the growing deployment of smart meters and grids to control and monitor electricity transfers. Growing Product Uptake in the Commercial and Residential Sectors The market is expanding favorably due to the growing demand for electricity in the residential and commercial sectors brought on by population increase, the burgeoning urbanization trend, and substantial economic development. Furthermore, the power transformer market analysis is being driven by the growing electrification of transportation, heating, and cooling in both residential and commercial structures. For example, Servokon Systems Ltd. declared in September 2023 that it will invest more than Rs 200 crore to establish a new manufacturing plant in Hapur, Uttar Pradesh. This facility, which will occupy 25,000 square meters, was a component of Servokon's plan to increase its capacity for production. Integration of Renewable Energy The main factor propelling the power transformer market statistics is the development of transformers with improved control capabilities and flexibility as a result of the growing integration of renewable sources, such as solar and wind power, into electrical grids. Furthermore, it is expected that the growing emphasis on enhancing transformer energy efficiency to reduce losses in electricity transmission and distribution will have an impact on the power transformer market projection. India, for example, met its NDC objective as of October 2022, with 159.95 GW of installed non-fossil energy capacity, or around 41.4% of all installed electricity capacity. Furthermore, according to the revised NDC, the nation pledges to reduce its GDP's emissions intensity by nearly 45% by 2030 compared to 2005 levels. Positive Investments and Policies by Governmental Organizations The expansion of the power transformer market is being aided by the rising investments made by governments worldwide in R&D projects aimed at introducing new technologies and derivatives. Furthermore, the global market is being stimulated by the development of electrification initiatives to provide access to energy for people residing in rural and isolated locations. For instance, in India, a number of programs are gaining popularity, such as the Integrated Power Development Scheme (IPDS) to meet the growing demand for electricity in urban areas and the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) to modernize and improve the sub-transmission and distribution infrastructure in rural areas. In order to encourage farmers to develop solar pumps and grid-connected solar power plants, the Ministry of New and Renewable Energy (MNRE) also introduced the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) initiative. High Capital Investment In the market for power transformers, high capital investment is a major obstacle. Power transformers are expensive to manufacture, install, and maintain, which puts a significant financial strain on businesses and utilities. Transformers can be excessively expensive to buy and install initially, especially for smaller utilities or businesses with tighter budgets. Transformers also need to be maintained and replaced on a regular basis, which raises operating expenses. Especially in underdeveloped nations or among smaller utility providers, these high financial needs may discourage companies from modernizing aging infrastructure or growing their power networks. Therefore, the capital-intensive nature of power transformers may impede the adoption of new, more efficient technologies and reduce the pace of grid modernization, thereby impeding the growth of the entire market. Aging Infrastructure In industrialized nations where many power grids rely on older transformers that are nearing the end of their service life, aging infrastructure poses a serious challenge to the power transformer business. In order to maintain continuous operation, these old transformers frequently need to be maintained and repaired, which raises utility operating expenses. Older transformers are also more likely to malfunction, which can result in unplanned service interruptions, power outages, and decreased grid dependability. Utility budgets are further strained by the requirement to replace or update transformers in order to satisfy contemporary energy demands because new transformers require a significant capital expenditure. As a result, utilities are forced to deal with the management of outdated infrastructure, which delays the adoption of more modern, dependable, and efficient power transformer systems. United States Power Transformer Market The market for power transformers in the US is developing as a result of rising electricity demand, improved infrastructure, and the incorporation of renewable energy sources. The demand for effective, high-capacity transformers is rising as the electrical infrastructure is updated to support the production of renewable energy sources and enhance dependability. The need for new transformers is also fueled by aging infrastructure and grid expansion requirements. The industry is also being shaped by technological developments in transformer design, such as improved energy efficiency and smart grid capabilities. Growth in the industry is further supported by the U.S. government's focus on enhancing energy infrastructure as well as expanding industrial and commercial power usage. But in the U.S. power transformer industry, obstacles including high capital costs, protracted lead times, and complicated regulations affect how quickly adoption and grid modernization initiatives go. Germany Power Transformer Market Germany's emphasis on grid modernization and energy transition is driving the country's power transformer industry. The need for dependable and effective transformers is growing as Germany continues to incorporate renewable energy sources like solar and wind into its electrical infrastructure. The adoption of cutting-edge transformer technologies, such as smart grid capabilities and high-efficiency models, is accelerating due to the nation's goal to lowering carbon emissions and improving energy efficiency. Further propelling market expansion are aging infrastructure and the requirement for grid expansion in industrial and urban areas. Additionally, technological advancements like automation and digital monitoring are becoming more popular. However, regulatory obstacles and the substantial capital expenditure needed for transformer installation and manufacturing could have a short-term effect on market expansion, especially for smaller utilities. India Power Transformer Market The market for power transformers in India is expanding rapidly due to rising electricity consumption, the expansion of infrastructure, and the use of renewable energy sources. The need for effective, high-capacity transformers is growing as India keeps expanding its electrical system to accommodate the demands of its expanding industrial sector and population. Modern transformers are necessary to regulate inconsistent power generation as the nation pushes toward the integration of renewable energy sources, such as wind and solar power. Additionally, the need for transformer replacements and upgrades is being driven by the outdated power infrastructure in many areas. Energy-efficient models and smart transformers are examples of technological innovations that are becoming more common. The rate of expansion in the Indian industry, however, may be impacted by obstacles like high capital expenditures, intricate regulatory frameworks, and supply chain interruptions. United Arab Emirates Power Transformer Market The market for power transformers in the United Arab Emirates is growing as a result of the nation's rapidly developing infrastructure, growing urbanization, and rising energy consumption. The need for effective and high-capacity transformers is growing as the UAE keeps funding ambitious projects like smart cities, industrial centers, and renewable energy projects. Modern transformers that can handle changing energy inputs are becoming more and more necessary as a result of the national grid's integration of renewable energy sources, especially solar power. Additionally, the UAE's emphasis on lowering carbon emissions and increasing energy efficiency has increased demand for sophisticated, energy-efficient transformers. The market is expected to rise as the UAE updates its energy infrastructure and relies more on sustainable power generation, despite obstacles like expensive capital investment and supply chain problems. Key Company Analysis: Overview, Key Persons, Recent Developments & Strategies, Financial Insights 1. Bharat Heavy Electricals Limited 2. Daihen Corporation 3. General Electric Company 4. Hitachi Ltd. 5. Hyosung Heavy Industries Corporation 6. Hyundai Electric & Energy Systems Co. Ltd. 7. Kirloskar Electric Co. Ltd. 8. Mitsubishi Electric Power Products Inc. (Mitsubishi Electric Corporation) 9. Schneider Electric SE 10. Siemens Energy AG Key Attributes Key Topics Covered 1. Introduction 2. Research & Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Drivers 4.2 Challenges 5. Global Power Transformer Market 6. Market Share Analysis 6.1 Core 6.2 Insulation 6.3 Phase 6.4 Power Rating 6.5 Application 6.6 Country 7. Core 7.1 Closed 7.2 Shell 7.3 Berry 8. Insulation 8.1 Gas 8.2 Oil 8.3 Solid 8.4 Air 8.5 Others 9. Phase 9.1 Single 9.2 Three 10. Power Rating 10.1 100 MVA To 500 MVA 10.2 501 MVA To 800 MVA 10.3 801 MVA To 1200 MVA 11. Application 11.1 Industrial 11.2 Residential and Commercial 11.3 Utilities 12. Country 12.1 North America 12.1.1 United States 12.1.2 Canada 12.2 Europe 12.2.1 France 12.2.2 Germany 12.2.3 Italy 12.2.4 Spain 12.2.5 United Kingdom 12.2.6 Belgium 12.2.7 Netherlands 12.2.8 Turkey 12.3 Asia Pacific 12.3.1 China 12.3.2 Japan 12.3.3 India 12.3.4 Australia 12.3.5 South Korea 12.3.6 Thailand 12.3.7 Malaysia 12.3.8 Indonesia 12.3.9 New Zealand 12.4 Latin America 12.4.1 Brazil 12.4.2 Mexico 12.4.3 Argentina 12.5 Middle East & Africa 12.5.1 South Africa 12.5.2 Saudi Arabia 12.5.3 UAE 13. Porter's Five Analysis 13.1 Bargaining Power of Buyers 13.2 Bargaining Power of Suppliers 13.3 Degree of Rivalry 13.4 Threat of New Entrants 13.5 Threat of Substitutes 14. SWOT Analysis 14.1 Strength 14.2 Weakness 14.3 Opportunity 14.4 Threat 15. Company Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: MANUFACTURING ENERGY OTHER ENERGY ENGINEERING UTILITIES SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 04/21/2025 11:08 AM/DISC: 04/21/2025 11:07 AM
