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Home arrow News arrow Business News arrow Electrotherm installs 40 Ton Medium Frequency Induction Melting Furnace
Electrotherm installs 40 Ton Medium Frequency Induction Melting Furnace Print E-mail
Written by Satish   
Wednesday, 28 April 2010
Hyderabad - Electrotherm recently announced successful installation and commencement of commercial production in a 40 Ton Furnace, the first and world's largest Medium Frequency Induction Melting Furnace for Steel billet making.

Supplied to M/s Mahalaxmi TMT, Wardha, this 40 ton furnace is powered with 14000 KW and can produce about 1.6 Lac Metric Ton metal per annum informed Mr. Suneel Kulkarni, Vice President (Marketing), Electrotherm (India) Ltd.

"When I witnessed the difference in cost of producing billets using a 20T and 30T furnace, it just clicked to me why not 40T? The estimated cost of production would drop by another 800-900Rs/Ton even on conservative calculations; we stand to save a whopping 12-13Crores/year using the 40T furnace. That makes a perfect business decision," said Sanjay Mantri, Managing Director of Mahalaxmi TMT.

"As technology leader in the field of Induction Melting Furnace, we want to give to our customers more efficient ways of making steel" remarked Mr. Shailesh Bhandari, the Managing Director of Electrotherm (India) Ltd.

The group turnover crossed 2000 Cr for 2009-10 after achieving approximately 1700 Cr in the previous year. "In spite of average 25% lower price realization during the year compared to last year, we have increased our turnover. This shows the demand of our products in niche markets that we serve" Mr. Bhandari said.

"The new 40 ton/14 MW Titon series furnace has the largest level of automation made available to the industry thus far. Electrotherm has executed more than a dozen projects overseas and it has already created a name for itself in the metal melting industry in India and around the world," said Mr. Suneel Kulkarni, VP (Marketing) of Electrotherm.

 
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