Diesel generator manufacturing major Sterling Generators plans to invest around Rs 60 crore by 2020 to expand its manufacturing facility and reach an annual production capacity of 5,000 gensets.
The company’s 8-acre facility in Silvassa, one of the largest in Asia, was established in 2006. During the last 10 years, Sterling Generators has invested over Rs 100 crore in the facility. The factory has a state-of-the-art PLC based testing facility in for DG sets up to 3,000 kVA.
Speaking on the growth outlook of the business, Sanjay Jadhav, CEO-Powergen business, Sterling and Wilson says “Through our manufacturing facility in Silvassa, we have managed to achieve a commendable production value of about 1,000 High Horse Power (HHP) or Medium Horse Power (MHP) generators, higher than most diesel genset companies in India. With power shortages and energy storage solutions being critical issues in the future for India, we will continue to see strong demand from the market.
As we enter 2018, we aim to reach 2,000 units and continue a robust, consistent growth of 20 per cent in a primarily mature gensets market.”
Today, in Jadhav’s opinion, the HHP diesel generator set market in India is valued at about Rs 5,000 crore and Sterling Generators makes up close to 20 per cent of this, owing majorly to its exports to the Middle East, South East Asia, Africa and Australia.