Power transmission business is in the spotlight now
BS made immense contribution to the National Grid by its 765kV Raichur-Solapur line that integrated the isolated southern grid. What are your plans in the field of independent power transmission (BOOM projects)? Have you been bidding recently for interregional and even intrastate projects? We are proud to have been part of the prestigious Raichur-Sholapur project that is bringing the nation’s energy blueprint into reality. With the commissioning of the line, we now have a synchronous single-frequency National Grid in operation. This is even more significant because of the opportunity the power-starved southern states now have to draw electricity from the power-surplus northern states.
BS Ltd is an integrated service provider in the power infrastructure space with a capacity to produce up to 7.36 lakh tonnes of transmission towers (besides steel rolling mill of 1.2 lakh tonnes) and execution capability ranging up to 1200kV in T&D lines and 440kV in substations. This lends us significant strength to execute large BOOM projects with precision. We are keen to embark on new projects with BOOM model.
The company is participating actively in the bidding process and is awaiting the right opportunity to contribute towards strengthening the power infrastructure in the country, leading to nation building. Last year, as we understand, BS made a strategic acquisition of four entities. Tell us how this acquisition is expected to bolster your EPC business.
BS Ltd announced acquisition of functional assets of four companies for a net consideration of ₹ 937 crore on a slump-sale model. Apart from synergetic fit, this acquisition also gives us a strategic one-upmanship to seize the opportunities in the T&D space, especially with the government focusing on this segment within the power sector.