Transformer and switchgear major Areva T&D India Ltd is investing Rs 400 crore over the next three years in setting up three manufacturing facilities across the country.
“We will be investing Rs 400 crore in three years and has plans to double our business volume by the end of the period,” managing director Rathin Basu told FE here on Monday after the annual general meeting of the company.
Areva T&D is building a new plant at a cost of Rs 100 crore at SIPCOT Industrial Complex in Hosur, which according to Basu, will be commissioned in the forth quarter of the year 2008.
“It will be a world class competency centre for high voltage instrument transformers ranging from 145 kv up to 800 kv,” he said.
Another plant is coming up in Sriperumbudur near Chennai. “A new greenfield unit is being put up at Sriperumbudur near Chennai due to space constraints at the existing site at Perungudi. Commercial production at the new site is likely to commence during the first quarter of 2009,” Basu said.
The first among the three plants will be operational in Baroda by end of 2008, and will produce high-voltage power transformers.
AREVA T&D India Ltd has currently eight manufacturing units and 22 sales offices in India.
The company, meanwhile, has shifted its energy automation unit to India from Stafford, UK. Areva has recognised this unit as the global centre of excellence for disc and HA relays and global competence centre for design, testing and training.