It was the tie-up with NTPC Limited that paved the way for TELK to emerge a strong player in the power equipment industry in India, said managing director Prabhat Kumar.
“After joining hands with NTPC, the company’s results turned positive, today TELK is a zero debt company with a positive net worth of Rs.118 crore,” he said
With more than four decades of pioneering operations in the power transformer sector, TELK had created an enviable reputation for failure-proof transformers. TELK’s good run in the past five years was encouraging and would lead to further investment and expansion, he said. TELK will complete 50 years in December 2013.
Mr. Kumar said while the transformer industry was witnessing a high level of competition from within and outside the country, TELK was focusing on increased volume, cost reduction and higher productivity.
Despite difficult, hard and adverse market conditions TELK had recorded a production of 5178 MVA in the financial year 2012-13.
The company achieved a plant utilisation factor of 115 per cent as against the industry average of 75 per cent, he said.
“This is, indeed, a unique distinction which was made possible with team effort. Each and every member of the TELK family right from the workmen to senior most officers has a played a key role.
“We continue to focus on our goal to create value for all our stakeholders in the long term. We are engaged in building inner strength which stems from our employees. By using our inherent organisational resilience, we will collectively bounce back in this fast changing world,” Mr. Kumar said.
He is of the view that the company’s proximity to the national highway, international airport, sea port and railway stations, and the commissioning of India’s first international container transshipment facility at Vallarpadom, have turned out to be a boon to its export activities.
The products are exported to South East Asia, South Africa and the Gulf countries. In Oman alone, TELK has supplied and commissioned more than 300 transformers ranging from 20MVA to 125MVA over a period of five years.
While market conditions remain tough, the company is hopeful of improving productivity through various steps and continuing to move up the ladder in the transformer business.