|
Ennore Foundries, a member of the
Hinduja group, plans to establish a new facility for ductile iron
and grey iron castings including blocks and heads, and also for a
low pressure die casting line for aluminium, with the expansion
works expected to cost Rs 300 crore, its managing director V
Mahadevan, said in Chennai on October 22, 2007.
The various funding options for the
expansion are being explored and a decision in this regard would be
taken shortly, Mahadevan said.
On the status of the greenfield
foundry at Sriperumbudur, near Chennai, Mahadevan said trial
production had commenced successfully in September 2007. The new
facility, with state-of-the-art technology, would further enhance
production capabilities of cylinder blocks and heads, with 40 per
cent capacity available for export markets.
The Pattern and Tool Shop and the Design Centre at Sriperumbudur,
equipped with latest CAD/CAM machines and related software had
become operational. These facilities will enable the company to
shorten the lead-time for new product development considerably, he
added. The company registered a
turnover of Rs 110.52 crore for the second quarter of 2007-08
against Rs 99.04 crore for the corresponding period last year,
registering a growth of 12 per cent. For the first half ended
September 30, 2007, the turnover was Rs 215.06 crore with a growth
of 19 per cent, he said. R Rangaraj
|
