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Bangalore-based Hitachi NeST Control Systems (HNC) is eyeing four of NTPC's thermal power projects for supply of advanced control systems.
The newly-formed company is a 70-30 joint venture between Japanese major Hitachi, and Kochi-based SFO Technologies.
The joint venture, formed to manufacture and supply information and control systems to companies across industries, has begun operations with orders for information and control systems.
“We have orders for nine sets for use across four of NTPC's sites,” Mr Junichi Suzuki, Managing Director of the company told Business Line . “The systems will be manufactured at HNC's Rs 30 crore-plant at Bangalore and manufacturing will commence a few months from now,” Mr N. Jehangir, Vice- Chairman of Hitachi NCS, said. The company currently has 25 employees and will be hiring more based on project requirements, he added.
The company also has orders on hand for renovation of control systems at several existing projects for Damodar Valley Corporation, Andhra Pradesh Power Generation Corporation Ltd (APGenco) and NTPC's existing projects.
Hitachi has already completed similar projects for the Tamil Nadu Generation and Distribution Corporation at Mettur and Tuticorin, Mr Suzuki said.
HNC is targeting sales of approximately Rs 1.5 billion in the fiscal year ending March 2015.
The company will start operations with supply of control systems for power plants but will “subsequently move into other sectors like for fertilizer plants and chemical plants,” Mr Jehangir said. Hitachi, known for its home appliances, is now positioning itself as a major player in the social infrastructure space in India.
It is focusing on power systems, information and telecommunication systems, information and control systems, smart city-related business.
In this context, it recently also entered into a joint venture with Chennai-based BGR Energy to BGR Energy Systems, to manufacture super-critical boiler, turbines and generators.
It also set up an R&D centre in Bangalore in October last year to focus on localisation of products and services.
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