Innovating for a Self-Sustaining Tomorrow
Led by our deep domain understanding, we continue to innovate products and solutions designed to meet the needs of customers across the world in the emerging areas of sustainable growth, particularly in the area of renewable energy.
The turbine industry, with its large manufacturing base, is also moving aggressively towards energy conservation and use of renewable sources in line with the global trends.
Globally, Governments are shifting from conventional to renewable sources of energy to attain their renewable energy goals.
The growing Government push towards Swachh Bharat is expected to lead to further pick-up in municipal solid waste incineration and Wasteto-Energy (WtE) in India too.
In India too, the Government has been consistently promoting biomass power such as bagassebased cogeneration programmes, as well as Waste Heat Recovery (WHR) and municipal solid waste power generating solutions.
Due to increased environmental awareness, the Governments in North America and Europe are pushing for reduction in Hydrofluoro Carbon (HFC) and their replacement with natural refrigerants.
A strong uptick is visible in gross fixed capital formation in industries such as steel and cement, as well as chemical waste heat recovery around the world.
At COP26, India committed itself to becoming a Net-Zero carbon emitter by 2070 and announced enhanced targets for renewable energy deployment and reduction in carbon emissions. This has emerged as a strong catalyst for increasing the domestic demand for renewable energy.
*% of order booking in FY 22
In the non-fossil/renewable energy space, we supply turbine solutions to:
Our non-fossil/renewable energy installations are spread across:
Augmenting our R&D prowess
Our innovation journey is driven by our in-house R&D facility, manned by an expert team and approved by Department of Scientific & Industrial Research (DSIR), Government of India. We have strong associations with globally-renowned research institutes such as IISc (Indian Institute of Science, Bangalore), Politechnico De Milano, Cambridge University, IIT (Indian Institute of Technology, Bombay) in the areas of fluid dynamics, aerodynamics. These associations contribute significantly towards advancing our energy conversion efficiency benchmarks.
During FY 22, our R&D programme was focussed on:
- Developing products and solutions for diverse industrial heat and power applications
- Enhancing energy efficiency of customer plant operations
- Providing value for customers with competitive product offerings
Driving sustainability through our strategic priorities
During the fiscal year, our innovation-centric approach enabled us to make significant progress across all our strategic priorities.
- Following the termination of the Joint Venture and subsequent acquisition of TESL (formerly GETL) on September 6, 2021, the Company is approaching the 30.1-100 MW market independently. Thus, from Q3 FY 22, the Company has approached this segment with renewed vigour and in turn enhancing its addressable market globally
- The Company has embarked upon strategic planning with an objective of gaining a strong foothold in this segment internationally in the coming years
- This involves strengthening human resources across functions, enhancing our global presence through sales team that liaise with potential customers, solidifying our product portfolio, among others
- During the year, there has been significant leadership resource augmentation and capability development
- The Company is also focussing on building a strong global sales network with competent personnel and a strong agent network
- On the product side, the Company is driving efficiency and reliability improvement programmes
- The Company is also now executing special turbine projects in the 30.1-100 MW segment with high vacuum conditions for the international market
- The core strength of the Company lies in providing custom-engineered turbine solution to customers. In the higher category segment, the Company provided unique double extraction 50 MW turbine for chemical process industry, among various other product portfolio enhancements
- Developed custom-made solutions like 50 MW double extraction process turbine, injection-based heat recovery turbine, to enhance energy efficiency
- Innovative, energy-efficient low pressure blade families are enabling turbines to extract low grade heat efficiently from waste heat, benefiting the cement industry
- Upgraded path blade and seals to provide better heat rates and energy recovery, enabling creation of newer and enhanced turbomachinery solutions for Heat (process) and Power industry
- New energy-efficient, compact back pressure turbines are helping customers operate district heating, chemical process plants, textile industries, paper and pulp industries, waste to energy projects, distilleries and sugar plants in a cost-effective and efficient manner
- Sustainable power generation solutions are also suitable for varied industrial heat and power applications as well as renewable power generation applications like Waste-to-Energy (WtE) and industrial Waste Heat Recovery (WHR) projects
- Retrofit solutions, including geothermal power turbine renovations, are contributing significantly to enhancing the sustainability of old power plants in all segments of turbomachinery
- Developed cooling solution in collaboration with IISc Bangalore
- Prototype will undergo extensive testing in state-of-the-art lab at IISc, Bangalore
- Cooling system can be scaled for small and medium industrial and marine cooling requirements. Super critical turbines are also used in energy recovery from exothermic electrolysis process in green hydrogen production
- Futuristic solutions, including supercritical CO2 power blocks, will offer compact footprint solutions for the energy market
