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Lockdown constraints amid second wave of Covid-19 a downside risk for electricity demand: ICRA

Lockdown constraints amid second wave of Covid-19 a downside risk for electricity demand: ICRA

Interview

CHIEF MARKETING OFFICER

( NU-CORK PRODUCTS PVT. LTD. )

MR K P SINGH

Q-As you are expertise in allied products of Power & Distribution transformers.? Where you lie in market when it comes to other allied products component manufacturers?

Nu-Cork is manufacturer of transformer components and allied products and is perfect partner for organizations seeking sealing solutions using Cork, Rubber, Aircell and Core materials. Nu-Cork is a reputed manufacturer of various products for transformers/reactors & other applications. We aspire to supply quality and cost-effective transformer sealing & gasket products designed under the supervision of our specialists to provide the best selection at affordable prices.

NU-CORK is a recognised R&D in-house facility approved by Ministry of Science & Technology, Govt. of India and company have always endeavour to manufacture CTQ (Critical to Quality) & ISP (Import Substitute Products). NU-CORK is also recognised as ONE STAR EXPORT HOUSE from Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India. Nu-Cork takes great pride in being an Atmanirbhar Bharat Company and we are well-positioned to fulfil the worldwide markets’ demands. We boast around 70% market share in the power sector when it comes to products of our niche.

 

Q- Could you brief us about the experience at “ETES”?

It was wonderful to be a part of ETES wherein Nu-Cork was able to showcase its range of products and had good networking with major players in electrical and transformer industry.

Nu-Cork was awarded in best stall category at ETES.

 

Q-Could you explain us about business development to a wide range of areas? What hurdles have you faced during business expansion?

We offer a full range of Transformer components for transformer manufacturer–Delivering safety, reliability and fast lead times for our esteemed customers.

Nu-Cork has succeeded in introducing its wide range of products to different segments like Power and Distribution transformers, CT/PTs, Oil & Gas industries, Refineries, Automotive Sector, Cement Industries, Railways etc.

Major Hurdles is from unorganised sector in cost to quality .Getting mandatory approvals from Government utilities is time consuming and lengthy process, which effects the business growth.

 

Q. How do you envision growth for your company for the next 5 years?

Nu-Cork expect to achieve CAGR of 40% and is all set to be 50 million USD revenue company in 5 years with wide range of new products. Our R&D team is innovative, research and analysing emerging technologies & trends in the industry, developing and testing of new products and services, conducting market research, improving technicalities in existing products and services to enable us to beone stop product, services and solution provider company to Transformer & CT/PTs manufacturers.

 

Q-Which new product are you working on?

Bellow Duct for Railways

Side Bearers

Air Caster Cushion

Inflatable products

OLTC and few more import substitute products to save valuable exchange for our country.

 

 

Q-Which new model have you launched in power & distribution transformer? What are the key features of the new model?

We are leading manufacturer of transformer components & allied products hence Not Applicable

 

 

Q-What are company hopes in 2023 and 2024?

Nu-Cork plan to a add wide range of new products to cater our customers in 2023 and 2024 and is on way to become 100+ Crore company in FY 2023-24.

 

 

Q-What are the key features of Stack Core (16 KVA to 100 MVA) transformers?

  1. Provides mechanical support to the windings.
  2. Provides a low reluctance closed ferromagnetic path to the magnetic flux.
  3. Reduces the losses due to flux leakage.