Buoyed by the growth in the transmission and distribution segments, power equipment manufacturer Diamond Power Infrastructure plans to invest INR 770 crore over the next three years to fuel its expansion plans.

Mr Amit Bhatnagar MD of DPIL told PTI that “There is huge growth potential in transmission as well as distribution sectors as power generation is expected to grow by 80,000 MW in the 12th Plan period. To meet this demand, we will be investing around INR 770 crore over the next three years for expansion.”

Mr Bhatnagar said that “Demand for replacement and improving power distribution system is driving growth for our products. We have also introduced extra high voltage cables which will further boost our revenue growth.”

The company has an installed capacity to manufacture 34,300 km of low voltage cables annually that can transmit power of up to 1.1kv. Similarly, it also has manufacturing capacity of 5,800 km of high voltage cables with a carrying capacity of up to 132 kv and extra high voltage cable of 2,000 km which can transmit over 220 kv.

(Sourced from www.thehindubusinessline.com)