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Home arrow Business News arrow Hinduja Foundries to set up new foundry unit in Toopran, investing Rs 150 cr
Hinduja Foundries to set up new foundry unit in Toopran, investing Rs 150 cr Print E-mail
Written by Ganesh   
Tuesday, 04 November 2008
Hyderabad: Hinduja Foundries Ltd, part of the diversified Hinduja Group, is setting up its fourth foundry unit in India at Toopran, Medak Dist of Andhra Pradesh. Coming up on a 60-acre site, the foundry will manufacture engine blocks and cylinder heads for Indian and foreign car manufacturers and support 30 per cent requirements for the CV and tractor segments.

The foundation stone for the Rs 150 crore (30.79 million U.S. dollars) foundry unit was laid on 30th October in the presence of Ms J. Geetha Reddy, Minister for Major Industries, Government of Andhra Pradesh and other dignitaries.

Hinduja Foundries Ltd will be setting up an Industrial Training Centre at Mukkireddipalle at an investment of Rs 7 crore, to train local youth. The project is expected to create direct employment opportunities for nearly 500 people and indirect employment for another 1000.

According to V. Mahadevan, Managing Director of Hinduja Foundries, the Toopran unit would make the most sophisticated castings, engine blocks and cylinder heads at par with global standards. He added that the setting up of the new unit marked an important step in the growth of the country's automotive sector.

The Rs.150-crore foundry, coming up in two phases, will have a total production capacity of 85,000 tonnes per annum (Phase I - 48,000 tonnes per annum & Phase II - 37,000 tonnes per annum). The first phase is expected to be completed by 2010-11. With the addition of the new foundry the total production capacity of Hinduja Foundries will become 2,25,000 tonnes per annum.

Hinduja Foundries' three other units are located at Ennore & Sriperumbudur in Tamil Nadu and its Ductron Castings Unit at I.D.A., UPPAL near Hyderabad in Andhra Pradesh.

Last Updated ( Wednesday, 05 November 2008 )
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