Engineering - News & Analysis

Grundfos Pumps plans phase II expansion

Grundfos Pumps, a Denmark based company which has operations in Chennai has invested Rs. 176 million. The new facility is equipped to manufacture material handling equipment needed to handle pumps and components. It also has a test bed capacity to handle upto 300 kw which will be used in large infrastructure projects. The company has also bought 16 acres in Sriperumbudur to set up another plant there.

Allison Transmission to cater domestic demand from Oragadam unit

Allision Transmission, the US based company has opened a manufacturing facility at Oragadam near Chennai with an investment of Rs. 60 million. It will make automotive transmission components for commercial vehicle industry. The plant is spread over 28 acres in SIPCOT park which is near to automotive plants of Hyundai, Mahindra and Ford. Allison Transmission has manufacturing plants across globe and will look to source components from India to cut costs. With rising demand for CNG and low floor ultra tech buses, Allison Transmission is expecting a boost in sales in coming years

Salzer Electronics to raise funds through private equity

Salzer Electronics Ltd, the Coimbatore based company is planning to raise funds for Rs.1500 million through private equity. It will use the funds to meet its expenditure towards some big projects. It has recently been awarded contract worth Rs.75 million from Coimbatore and also Rs.500 million project from Bangalore administration. The company manufactures energy saving products and has invested heavily towards R&D. It has also developed a new product – automated metering system which can monitor systems and also generate billing. It has been introduced in Bhopal as a pilot project.

Bharat Forge to set up power equipment plant in Kutch

Bharat Forge which is tying up with French company Alstom to manufacture technologically advance power turbines and generators. The company will investment Rs.24,000 million and has been allotted 120 acres in the Mundra Port SEZ. It may be noted, the company had earlier chosen West Bengal as its destination and shifted to Gujarat on account of land acquisition problems. In another venture, it is tying with French major Areva, to set up nuclear power plant components unit which includes mega 550 tonnes rolled forgings. It has also set up a 14000 tonne open die facility.