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Racold Thermo to expand its Chakan plant

Racold Thermo Ltd, a subsidiary of Aristo Thermo of Italy is planning to expand its Chakan plant in Pune with an investment of Rs. 100 million. It will augment its water heater manufacturing capacity from 400,000 water heater units to 600,000 units per year. It may be noted, the company has recently launched water heater with timers convenient for users to have hot water and pre-determined times. It may be noted, the company had invested so far Rs.500 million in the plant

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