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Electrotherm (India) Limited (Ltd.) is an Indian technology conglomerate. Its operations span many different segments of the manufacturing and process industries, including steelmaking, foundry, heat treatment, the design and manufacturing of electric vehicles, and the energy industry. Ranging from more energy-efficient alternatives to renewable energy.[2] It's also India's largest manufacturer of induction furnaces.
| Company type | Public |
|---|---|
| NSE: ELECTHERM BSE: 526608 | |
| Industry | Engineering Steel-Making Equipment Foundry Steel Plant Electric vehicles Metallurgy Power systems Renewable Energy Induction Furnace |
| Founded | 1983 |
| Founder | Mukesh Bhandari |
| Headquarters | Ahmedabad, Gujarat, India |
Area served | Worldwide |
Key people | Dinesh Mukati[1] (Chairman) Shailesh Bhandari (Managing Director) |
| Services | |
| Revenue |
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| Divisions | |
| Website | www |
Founded in 1983, the company began its initial operation with the sole purpose of assembling industrial furnaces used in the steel and metal industry.[3]
Today, Electrotherm is a conglomerate with subsidiaries in many engineering fields. Their ventures include the manufacture of transformers, raw steel production, ductile iron pipe production, the manufacture of battery-powered vehicles, renewable energy technology, transmission line technology, as well as education. To date, Electrotherm has supplied more than 5500 pieces of equipment to over 3000 customers in 58 countries.
The company is best known for its YO Bykes range of electric vehicles launched in 2005.[4]
Operating Segments
editEngineering & Technologies Division
editEngineering & Technologies is the oldest division of the company. The division manufactures capital equipment for the metallurgical industry, as well as handling the production of transformers. The company has also introduced the High Speed Modular Caster (HSMC) for direct rolling of billets which has substantially brought down the cost of rolling through a huge saving in fuel consumption and burning losses in the billet reheating furnaces.
Steel Division
editElectrotherm has built a mini steel plant of 0.36 million TPA capacity. The plant consists of sponge iron kilns, induction melting furnaces, rolling mills, and a 30MW captive power plant. The plant also utilises LRF technology allowing it to produce low sulphur, low phosphorus steel grades for forging applications. There are 2 rolling mills – A TMT mill with a capacity of 180,000 TPA and structure mill with a capacity of 72,000 TPA. The structure mill is certified by Power Grid (PGCIL). The plant also makes use of the AOD process for stainless steel production with a total installed capacity of 120,000 TPA. Products include value-added stainless steel, TMT bars for construction applications, Angles for transmission line and wind mills application, as well as mild steel and carbon steel billets for forging applications
Ductile Iron Pipe Division
editElectrotherm has emerged as the third largest player in the Ductile Iron Pipe market. Electrotherm's Kutch plant has a production capacity of 0.2 million TPA to manufacture pipes with diameters ranging from 80 to 1200mm. BIS certification for products with diameters up to 1200 mm have been received. The plant consists of 2 mini blast furnaces (200,000 TPA), a sinter plant (300,000 TPA) and centrifugal pipe casting and processing (1,92,000 TPA)
Electric Vehicle Division
editElectrotherm makes electric motorcycles under the brand YO Bykes, and was the largest electric two-wheeler manufacturer in India in 2013.[5]
Products
editElectrotherm produces:[6]
- Induction furnaces
- Electric arc furnaces
- Submerged arc furnaces
- Ladle refining furnaces
- Ductile iron pipes
- Specialized steel
- Power transformers
- Renewable energy
- Electric vehicles
- Continuous casting machines
- Induction heating and hardening equipment
- Super ductile TMT Bars[7]
References
edit- ^ "Electrotherm Board of Directors". Electrotherm. Retrieved 7 September 2020.
- ^ "Electrotherm (India) Limited | Redefining Industries". www.electrotherm.com. Retrieved 1 October 2023.
- ^ "About Electrotherm – History". Electrotherm.com. Archived from the original on 25 July 2010. Retrieved 7 August 2010.
- ^ Mehta, Shramana Ganguly (27 January 2010). "India's electric two-wheeler, Yobyke, has taken the country by storm-Two-wheelers-Auto-News By Industry-News-The Economic Times". The Economic Times. Economictimes.indiatimes.com. Retrieved 7 August 2010.
- ^ "Electrotherm eyes US-EU markets for Yobykes", Business Standard, 21 January 2013
- ^ "The Company". Electrotherm.com. Archived from the original on 3 October 2010. Retrieved 7 August 2010.
- ^ "ET TMT Corrosion Resistant Steel (CRS) Bars - Best TMT Bars", Electrotherm Steel, 1 February 2019, retrieved 22 January 2024