Latest news with #powerdistribution
Reuters
3 days ago
- Business
- Reuters
India's Reliance Infra to recover $3.25 billion in unpaid power dues from New Delhi consumers
Aug 8 (Reuters) - India's Reliance Infrastructure ( opens new tab said on Friday its New Delhi power distribution units will recover 284.83 billion rupees ($3.25 billion) in unpaid dues after the Supreme Court upheld their claims in a ruling earlier this week. The dues stem from historical tariff shortfalls, where electricity prices approved by regulators did not fully cover the cost of supply. Under a court-approved mechanism, the amount will be recovered from consumers over four years starting April 2024, likely through higher electricity tariffs. On Wednesday, the Supreme Court ordered electricity regulators across India to clear deferred costs and unpaid dues owed to power distribution companies. The court also instructed state regulators to conduct audits and submit recovery roadmaps. Reliance Infra is part of the Anil Ambani-run Reliance Group. He is the younger brother of billionaire Mukesh Ambani. In New Delhi alone, three distribution companies — including a unit of Tata Power ( opens new tab — had accumulated 272 billion rupees in unpaid dues as of the fiscal year ended 2021 and had to be paid within four year starting April 2024, according to the court document. The Delhi Electricity Regulatory Commission will oversee the recovery process, which is expected to result in increased electricity bills for consumers in the national capital. ($1 = 87.6300 Indian rupees)
Reuters
3 days ago
- Business
- Reuters
India's Reliance Infra to recover $2.44 billion in unpaid power dues from New Delhi consumers
Aug 8 (Reuters) - India's Reliance Infrastructure ( opens new tab said on Friday that its power distribution companies in New Delhi will recover 214.13 billion rupees ($2.44 billion) in unpaid dues, following a Supreme Court ruling earlier this week that upheld their claims. The dues stem from historical tariff shortfalls, where electricity prices approved by regulators did not fully cover the cost of supply. Reliance Infra is part of the Anil Ambani-run Reliance Group. He is the younger brother of billionaire Mukesh Ambani. Under a court-approved mechanism, the amount will be recovered from consumers over four years starting April 2024, likely through higher electricity tariffs. On Wednesday, the Supreme Court ordered electricity regulators across India to clear deferred costs and unpaid dues owed to power distribution companies. The court also instructed state regulators to conduct audits and submit recovery roadmaps. In New Delhi alone, three distribution companies — including a unit of Tata Power ( opens new tab — had accumulated 272 billion rupees in unpaid dues by March 2024, according to the court document. The Delhi Electricity Regulatory Commission will oversee the recovery process, which is expected to result in increased electricity bills for consumers in the national capital. ($1 = 87.6140 Indian rupees)
Yahoo
4 days ago
- Business
- Yahoo
Dry Type Transformer Market worth $16.33 billion by 2030
DELRAY BEACH, Fla., Aug. 7, 2025 /PRNewswire/ -- The global Dry Type Transformer Market is anticipated to grow from estimated USD 11.72 billion in 2025 to USD 16.33 billion by 2030, at a CAGR of 6.9% during the forecast period. The global Dry-Type Transformer Market is expected to grow steadily from 2025 to 2030, driven by the increasing demand for safe, environmentally friendly, low-maintenance power distribution solutions across diverse sectors. As urbanization accelerates and electricity consumption rises in developed and emerging economies, utilities, industries, and commercial facilities prioritize fire-safe and compact transformer systems that can operate reliably in space-constrained or indoor environments. Dry-type transformers are critical in ensuring electrical safety, operational efficiency, and compliance with environmental and fire safety regulations, especially in data centers, hospitals, renewable energy plants, EV charging infrastructure, and high-rise buildings. The shift toward clean energy, decentralized grids, and smart infrastructure reinforces the need for automation-ready and IoT-integrated dry-type transformers with remote monitoring, thermal tracking, and predictive maintenance capabilities. Moreover, their oil-free, non-flammable design makes them ideal for installations in sensitive or high-risk areas, minimizing environmental impact and safety hazards. As nations invest in grid modernization and infrastructure upgrades, and as regulatory bodies enforce stringent energy efficiency and emission standards, dry-type transformers are becoming a cornerstone technology in building resilient, sustainable, and future-ready power distribution networks. Browse in-depth TOC on "Dry Type Transformer Market" 140- Tables60- Figures220 – Pages Download PDF Brochure: The commercial segment to be fastest-growing application segment of the Dry-Type Transformer Market The commercial segment is expected to be the fastest-growing segment of the Dry-Type Transformer Market, driven by rapid urbanization, the expansion of smart cities, and the growing need for reliable and safe power distribution in commercial facilities such as shopping malls, office complexes, hospitals, educational institutions, and data centers. These environments demand uninterrupted power supply, compact installations, fire safety, and minimal maintenance, key advantages of dry-type transformers. Additionally, rising investments in green buildings and energy-efficient infrastructure, coupled with stringent fire safety and environmental regulations, are accelerating the adoption of eco-friendly, oil-free transformers in commercial spaces. Integrating digital monitoring and automation capabilities further enhances their appeal, enabling facility managers to improve energy management and operational reliability in increasingly electrified and connected commercial ecosystems. Three-phase dry-type transformers to account for largest market share The three-phase segment represents the largest share of the Dry-Type Transformer Market, largely due to its extensive application in high-load and mission-critical power environments across the industrial, commercial, and utilities sectors. Three-phase dry-type transformers are favored for their superior efficiency, higher power handling capacity, and enhanced load balancing capabilities, making them particularly suitable for large-scale operations, such as manufacturing facilities, data centers, hospitals, and renewable energy projects. Their compact, fire-resistant, and low-maintenance design further strengthens their suitability for settings where operational reliability and safety are essential. As global investments in smart grids, electrification, and infrastructure modernization continue to accelerate, the demand for three-phase transformers is expected to rise, driven by the need for efficient power distribution and seamless integration with automated, digitalized energy networks. Asia Pacific is likely to emerge as largest Dry-Type Transformer Market During the forecast period, Asia Pacific is poised to emerge as the largest market for dry-type transformers, driven by rapid industrialization, urbanization, and significant investments in infrastructure development across countries such as China, India, Japan, South Korea, and Southeast Asian nations. The region is witnessing a sharp rise in electricity demand due to expanding manufacturing activities, the growth of commercial infrastructure, and the electrification of transportation and public services. Dry-type transformers are increasingly favored in Asia Pacific for their fire resistance, low maintenance, and suitability for indoor and space-constrained installations, making them ideal for urban commercial buildings, hospitals, airports, data centers, and metro systems. Furthermore, government initiatives aimed at grid modernization, renewable energy integration, and the development of smart cities are accelerating the deployment of dry-type transformers with digital monitoring, automation compatibility, and eco-friendly insulation. Regulatory push for energy efficiency and environmental safety, especially in densely populated urban areas, also contributes to their growing adoption. As countries in the region continue to upgrade aging infrastructure and expand their power distribution networks to meet rising consumer and industrial needs, Asia Pacific is expected to dominate the global Dry-Type Transformer Market in both volume and value. Key Market Players A few key players include Siemens Energy (Germany), Schneider Electric (France), Eaton (Ireland), TOSHIBA CORPORATION (Japan), Hitachi, Ltd. (Japan), Fuji Electric Co. Ltd. (Japan), Kirloskar Electric Company (India), CG Power & Industrial Solutions Ltd. (India), Hyosung Heavy Industries (South Korea), and Hammond Power Solutions (Canada). Request Sample Pages: Schneider Electric Schneider Electric is a French multinational company specializing in digital automation and energy and power management. The company offers a wide range of products, including low-voltage products and systems, solar and energy storage solutions, medium-voltage distribution and grid automation systems, and products for residential and small businesses. It operates through two reportable segments: Energy Management and Industrial Innovation. The company supplies dry-type transformers within the Energy Management segment. Schneider Electric produces various transformers, such as dry-type, oil-type distribution, vacuum pressure-impregnated, and isolation transformers. Its products and solutions are used across multiple industries, including healthcare, marine, food & beverages, transportation, automotive, as well as in e-mobility, data center, and networking applications. The company is in North America, Europe, Asia Pacific, and the Rest of the World. Eaton Eaton is a global power management company offering reliable, efficient, safe, and sustainable power management technologies. The company provides various energy-efficient products and services that help customers manage power more effectively and sustainably. Eaton offers electrical products, hydraulic equipment, mechanical products, and power management solutions. The company operates through six reportable segments: Electrical Americas, Electrical Global, Hydraulics, Aerospace, Vehicle, and eMobility. It supplies dry-type transformers through the Electrical Americas or Electrical Global segments. The company offers diverse transformers, including encapsulated, ventilated, non-ventilated, and low-voltage dry-type transformers. Its products serve various markets, such as aerospace, marine, oil & gas, healthcare, food & beverages, and rail. For more information, Inquire Now! Related Reports: Generator Market Power Grid Market Portable Generator Market Get access to the latest updates on Dry Type Transformer Companies and Dry Type Transformer Industry About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
Yahoo
5 days ago
- Automotive
- Yahoo
Methode Electronics to Present at the J.P. Morgan Auto Conference
CHICAGO, Ill., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, will present at the J.P. Morgan Auto Conference on Tuesday, August 12th at 12:40 p.m. EDT. A simultaneous webcast can be accessed on the company's website, by selecting the Investors page. The webcast will also be archived on the same Investors page. About Methode Electronics, Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East and Asia. We design, engineer, and produce mechatronic products for OEMs utilizing our broad range of technologies for user interface, lighting system, power distribution and sensor applications. Our solutions are found in the end markets of transportation (including automotive, commercial vehicle, e-bike, aerospace, bus, and rail), cloud computing infrastructure, construction equipment, and consumer appliance. Our business is managed on a segment basis, with those segments being Automotive, Industrial, and Interface. For Methode Electronics, K. CherryVice President Investor Relationsrcherry@ in to access your portfolio
Zawya
07-07-2025
- Business
- Zawya
Vertiv demonstrates Mission-Critical Infrastructure solutions in Saudi Arabia
Riyadh, Saudi Arabia – Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, organised and presented a high-impact switchgear and busbar training event in Riyadh, Saudi Arabia, in collaboration with local partners Mohammed Mansour Al-Rumaih (MMR KSA), a subsidiary of MDS SI Group, and specialized electrical power distributor SBLT. The event provided background and education on the demand for resilient power distribution solutions, at an all-time high due to AI workloads and high-density computing, which are quickly becoming central to Saudi Arabia's digital infrastructure. The exclusive event brought together key stakeholders from the Kingdom of Saudi Arabia's energy, IT, and infrastructure sectors for a hands-on showcase of Vertiv's cutting-edge low-voltage switchgear, switchboards, and modular busway technologies designed to power the future of mission-critical digital infrastructure. The knowledge-sharing sessions demonstrated how Vertiv's advanced infrastructure solutions can deliver consistent reliability, scalability, and operational continuity, which are critical for supporting Saudi Arabia's rapid digital expansion and its Vision 2030 ambitions. 'Our goal is not just to supply technology, we aim to cultivate smarter, more resilient critical digital infrastructure across Saudi Arabia,' said Mahmoud Abdelmoneim, sales director, Middle East and Levant at Vertiv. 'Since Vision 2030 is the blueprint for achieving digital leadership, energy efficiency, and infrastructure transformation, our participation here is to forge lasting relationships that will help in achieving these regional targets.' During the event, Vertiv experts led interactive demonstrations of the company's key power distribution solutions, including the modular Vertiv™ Powerbar iMPB busway system. Engineered for flexible and high-efficiency power delivery in data centre and industrial environments, Vertiv Powerbar iMPB's comprehensive low-voltage switchgear and switchboard technologies are designed and built to meet the highest standards of performance and safety. 'We are proud to collaborate with MMR and SBLT to bring our expertise to Riyadh,' added Abdelmoneim. 'This isn't just a showcase of innovation; this is proof of our commitment to local expertise, practical training, and on-the-ground support for customers. We believe that powering the next phase of growth in Saudi Arabia starts with cultivating the people and businesses who will lead it.' The event also marked the growth of the company's regional presence. With a fully dedicated team now based in Riyadh, Vertiv can offer responsive local service, tailored engineering support, and direct access to its global portfolio of power and cooling solutions. Vertiv offers end-to-end solutions for critical digital infrastructure, including tailored solutions that meet the needs of hyperscale data centers and smart city development, which are among Saudi Arabia's high-growth sectors. 'Our innovations in switchgear, switchboards, and modular busway systems are engineered to support the dynamic, high-density environments that are becoming the norm in Saudi Arabia's digital economy,' concluded Abdelmoneim. "From grid to chip, our mission is clear. We deliver the resilient, flexible infrastructure that powers progress." Vertiv's switchgear and busbar families offer a complete, modular, and scalable power distribution solution tailored for critical infrastructure. Vertiv™ PowerBoard low‑voltage switchgear offers modular, compact, type‑tested designs and the Vertiv™ Powerbar iMPB busbar system delivers overhead, scalable power distribution, minimizing downtime and enhancing cooling airflow in dense data hall environments. These solutions complement Vertiv's end-to-end power and cooling, IT management, racks, integrated solutions and services portfolios. About Vertiv Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries.
