Nikhil Sawhney, VCMD, Triveni Turbines

Can you give an overview of your company's current production volume in terms of units manufactured and describe its evolution over the past few years?

We have consistently made investments in the expansion of our manufacturing capacity. Currently, we operate two manufacturing plants located in Bangalore. Further, we have initiated the establishment of an additional facility in South Africa with the intention of serving our customers in the African region.

At this juncture, our installed capacity allows us to produce 250 to 300 turbines on an annual basis.

Our turbine designs have evolved over the years in response to both market demands and advancements in technologies, such as boilers, cooling towers, condensers, and pumps. At present, our annual production volume stands at approximately 225 machines.

Furthermore, our capital expenditure (Capex) investments have been aligned to augment our manufacturing capacity, with a target of producing 250 to 300 turbines annually by the end of the fiscal year 2024.

What are the most notable trends in the industry that you are observing? Looking forward, what do you predict as the major trends that will shape the power generation industry over the next 5-10 years?

There has been an adoption of cleaner energy sources across various industries. Notably, nearly 80 per cent of our recent order bookings now originate from thermal renewable energy sources.

Customers are seeking ways to enhance energy efficiency, reduce carbon emissions, and cut operational costs. The competitive cost landscape and the changing demands of end-users have driven them to seek improvements in plant efficiency through the adoption of energy recovery technologies. In this context, the potential of API steam turbines offer efficient steam turbines suitable for both power generation and drive applications.

Looking ahead, after recording a 46 per cent revenue growth in the business, are there any expansions or collaborations of the country that we can expect to see?

We are dedicated to pushing the limits of turbine technology and fostering continuous product innovation. We achieve this by forging alliances with research institutions across the globe, participating in the creation of turbines that excel in terms of efficiency. These endeavours aid our customers as they confront the energy efficiency challenges within the global market.