Electrotherm
Public | |
Traded as |
NSE: ELECTHERM BSE: 526608 |
Industry |
Foundry Steel Plant Electric vehicles Metallurgy Power systems Renewable Energy Induction Furnace |
Founded | 1983 |
Headquarters | Ahmedabad, Gujarat, India |
Area served | India |
Key people | Mukesh Bhandari, Chairman |
Website |
http://www.electrothermgroup.com http://www.electrothermsteel.com http://www.yobykes.in/ http://www.electrotherm.com http://electrothermrenewables.com/ |
Electrotherm (India) Limited an ISO 9001:2008 certified, public limited company, was founded in 1983 to cater to the needs of all segments of steel industry, foundries and heat treatment industry. Today, Electrotherm is a well diversified conglomerate having businesses in the field of Engineering & Projects catering to steel and foundry industry; transformer manufacturing; steel making; ductile iron pipe making; manufacturing of battery operated vehicles; renewable energy; transmission line tower and education.
Electrotherm (India) Limited incorporated in 1983 is India’s largest manufacturer of Induction Melting Furnaces used for steel making. More than 18 million tons of steel is produced every year in India on Induction Melting Furnaces supplied by Electrotherm over the last 30 years. Electrotherm has supplied more than 3500 equipment to over 2200 customers in 42 countries and has earned EEPC Export Excellence award for many years and is a recognized star export house. Electrotherm has been at the forefront of technology for the last 30 years and has introduced state-of-the-art and cutting edge indigenous technological products and contemporary processes for the secondary steel making and foundry industry in India. Electrotherm is engaged in multi-divisional activities viz. manufacturing of industrial induction furnaces, induction heating equipment, DC Arc Furnaces, Transformers, metal refining converters, high grade pig iron, sponge iron, billets, structural, TMT bars, DI pipes, Alloy steel and battery driven vehicles.
Electrotherm was established in 1983, and initially built industrial furnaces for the steel and metals industry.[1] The company is best known for its YO Bykes range of electric vehicles launched in 2005.[2]
There are four divisions in Electrotherm:
Engineering & Projects Division
Engineering & Projects is the oldest division of the Company. The division manufactures capital equipment for metallurgical industry & steel industry and transformers, etc. The Company has core competence in the power electronics, being a leading player in the country for manufacture and supply of Induction Furnaces.
Induction Furnaces are essentially power electronic equipments used in steel units and foundries. The equipment can also be used for recycling of non-ferrous metal such as copper, aluminium, etc. In addition to Induction Furnaces, the division also manufactures Ladle Refining Furnaces, Induction Heating & Hardening Equipment, and Metal Refining Converters for stainless steel making and other customized equipment.
The Company commands more than 50% share in manufacturing induction furnaces in India. It manufactures a wide variety of furnaces ranging from 2MT to 50MT. It has more than 27 service centres across the country to provide after sales service and timely maintenance to its customers.
The company has also introduced 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.
The company has already successfully launched and commissioned its refining equipment ‘ERF’ with the patented technology ‘EldPHos’ for desulphurization and dephosphorusization and has received an extremely positive response from the industry.
The company has also introduced state of the art pollution control systems for mini-steel plants. The product is gaining popularity and more and more existing steel plants are expected to upgrade and switch over to his new and technologically advanced pollution control system.
Steel Division
Electrotherm has built a fully integrated state-of-the-art mini steel plant of 0.36 million TPA capacity. The plant consists of Sponge Iron kilns, Induction Melting Furnace, Rolling Mills & 30MW Captive Power Plant. The plant also consists of LRF allowing it to produce low sulphur, low phosphorus alloy steel grades for forging applications. There are 2 rolling mills – TMT mill with a capacity of 180,000 TPA & structure mill with a capacity of 72,000 TPA. The structure mill is certified by Power Grid (PGCIL). The plant also consists of AOD for Stainless Steel making with a total installed capacity of 120,000 TPA. Products include value-added Stainless Steel, TMT bars for construction application, Angles for transmission line and wind mills application, and MS & Carbon steel/ low alloy steel billets for forging applications ‘Electro TMT Plus’ has emerged as the most preferred TMT brand in Gujarat and commands a premium.
Ductile Iron Pipe Division
Electrotherm has emerged as the third largest player in the highly profitable Ductile Iron Pipe market. Electrotherm has established a production capacity of 0.2 million TPA to produce pipes of 80 to 1200mm diameter at Kutch plant. BIS approvals upto 1200 mm already received. International KITEMARK Certification (BS EN 545, BS EN 598, ISO 2531) for ductile pipes
Electrotherm has established a country wise sales and distribution network and have received approvals/registrations from most state government bodies and large infrastructure players.
The Plant consists of 2 mini Blast Furnaces (200,000 TPA), Sinter Plant (300,000 TPA) and Centrifugal Pipe Casting and processing (1,92,000 TPA)
Electric Vehicle Division
The competence and expertise of the company in power electronics and an intense R&D effort of more than 3 years, the company has developed and launched Electric bikes and Scooters under the brand name ‘Yo Bykes’ with an installed capacity of 2,50,000 units per annum. The Company has resources for manufacturing and servicing of Electric Two Wheelers and is the largest manufacturer of such vehicles in the country. The Company has dealership network all over India. The company is also developing an electric 3 wheeler.
Electrotherm Solar Division
Electrotherm Solar Ltd. is a leading designer and manufacturer of solar water heating products. They are into providing solar thermal solutions for domestic, commercial and industrial needs under the brand name of “eleCtra”. There design and engineering expertise makes “eleCtra” the most preferable industrial solar thermal solution provider in the market.
Products
Electrotherm's range of products span:[3]
- Induction furnace
- Electric arc furnace
- Submerged arc furnace
- Ladle Refining Furnace
- Ductile iron pipe
- Specialized Steel
- Power transformer
- Renewable energy
- Electric vehicle
- Transformer
- Continuous casting machine
- Induction heating and Hardening Equipment
- Super ductile TMT Bars [4]
References
- ↑ "About Electrotherm - History". Electrotherm.com. Retrieved 2010-08-07.
- ↑ "India's electric two-wheeler, Yobyke, has taken the country by storm-Two-wheelers-Auto-News By Industry-News-The Economic Times". Economictimes.indiatimes.com. 2010-01-27. Retrieved 2010-08-07.
- ↑ "The Company". Electrotherm.com. Retrieved 2010-08-07.
- ↑ http://electrothermsteel.com/et_steel
4. Narendra Modi and Electrotherm {{http://www.narendramodi.in/indus-university-electrotherm-co-handover-rs-14-48-lakh-to-gujarat-chief-minister%E2%80%99s-relief-fund-5457}}
5. Yo Bykes :-World’s first Electric Bike Journey to Khardung La completed [1]
- ↑ http://www.indiancarsbikes.in/electric-vehicles/worlds-first-electric-bike-journey-to-khardung-la-completed-130063/