Modern Insulators’ unlisted shares are easily accessible for purchase on the Minance Private Market. .
Established in 1985 in collaboration with Siemens, Germany, Modern Insulators is a branch of the Modern Group of Industries. It is amongst India’s largest manufacturers and exports of porcelain insulators with export relations in over 50 countries across the globe. The product portfolio for Modern Insulators involves Hollow, Solid Core Post, Long rod, and Railway Insulators.
Modern Insulators has its plants set up in Rajasthan, India where the production capacity goes up to 26,000 metric tonnes per annum. The company exports usually account for up to 30% of its turnover which leads to a strong market base.
With such a wide range of products and a good base in the market, the company delivers over 60% of India’s sub-station porcelain insulator requirements.
It has installed more than 10 million insulators to date as the production capacity allows it to produce one insulator every minute. It has been accredited as the only manufacturer to have supplied both PLRI and Station Post insulators for 1200 kV.
Exports of Modern Insulators have exceeded almost $150 million worldwide, with its key clients in India being Indian Railways, national and regional utilities, original equipment manufacturers (OEMs), engineering procurement construction companies, etc.
In May 2020, Rajasthan-based EPC service provider Solar91 Cleantech Private Limited commissioned a solar photovoltaic (PV) power project holding 3MW capacity, to be set up at the premises of Modern Insulators, which is a valuable addition to Modern Insulators’ unlisted shares.
As per a statement from the Vice President of Modern Insulators, this project by Solar91 will reduce electricity usage up to a great extent, and without generating any polluted gases the electricity will be created on its premises. The project will be making around 4.5 million units of electricity in a year, thus reducing the costs for Modern Insulators.