Elecon to invest INR 200 crore in windmill gear box facility
It is reported that Elecon Engineering Company Limited is planning to invest nearly INR 200 crore in the next 2 years in manufacturing windmill gearboxes.
As per report, Elecon is investing about INR 100 crore in a windmill gearbox manufacturing facility which will be ready by June 2008. An equal amount would be invested next year as capital investment in materials handling equipment and gear divisions.
Elecon's group company for marketing and servicing, Emtici Engineering Limited, had entered the market of wind turbine generators of 660 KW and planned production of wind turbine gearboxes up to 2 MW range. The wind turbine generator gearbox service centre would be located near Madurai in Tamil Nadu.
Elecon has also signed an agreement with Centre for Wind Energy Technology for certification of 600 KW windmills. It plans to sell 50 units in a year and will go up to 300 units per year in a phased manner. Its foray into the windmill segment was part of the MoU it signed last year with the Gujarat government to invest around INR 400 crore in projects across the region.
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