Greaves, which had tied-up with Cifa last year as a sole marketer and distributor of the latter's RMC equipment in the country, would invest Rs 10 crore for upgrading its existing heavy engineering unit at Gummidipoondi near Chennai for rolling out the construction apparatus.

``Our technical alliance with Cifa is part of a broader strategy to leverage our core competence in growth areas like construction equipment for highways, dams and bridges,'' Greaves Ltd managing director and CEO Praveen Sachdev said.

The capital expenditure of Rs 10 crore would be funded through internal accruals and manufacture of the equipment would begin next year, he said. For the time being, the construction units from Italy were being assembled at Greaves' plant at Gummidipoondi. ``In the current fiscal year alone, we will assemble and sell about 200 transit mixers, 50 truck mounted concrete pumps and 12 batching plants using the Italian technology,'' Sachdev pointed out. Value-wise the turnover would amount to around Rs 50 crore, he added.