Nelcast Expands Iron Casting Manufacturing Unit In Andhra Pradesh
2018-02-14 Announcements Metallurgical Industries Southern India
Nelcast Limited has informed that the board of directors of the company at its meeting approved the Phase II of the expansion project in Andhra Pradesh. The project is subject to completion of all legal and other formalities. The investment for the Phase II facility would be approximately Rs. 114 cr. The capacity of phase I is 18000 MT per annum and phase II is 36000 MT per annum. Thus, the overall capacity of the plant would be 54000 MT per annum. The means of financing would be predominantly from internal accruals and balance by debt/equity. The commercial production of the first phase is expected by end of September 2018 and second phase by September 2019. The manufacturing facility is designed with most advanced technology in terms of better productivity & quality.