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Our Bureau

Kolkata , Aug. 5

TEXMACO, a K.K. Birla outfit, has planned an investment of Rs 30 crore in its foundry. Mr Ramesh Maheshwari, President of the company, told Business Line that a modernisation-cum-expansion plan for the foundry, located near here, has been chalked out.

The unit's capacity would be hiked to 18,000 tpa from the current level of 9,000 tpa. The production facilities also would be upgraded for meeting international standards.

The company is expecting a major breakthrough in exports from the steel foundry division after the expansion and upgradation programme is through.

"Extensive marketing has been done and contacts with global buyers established to exploit the export markets," he said.

Texmaco's joint venture for a mini hydel power project on Neora river in Darjeeling district of West Bengal has been restructured and the project completion timeframe has been extended. The project has been upgraded to 3 MW from the earlier planned 2.40 MW and new equipment from Alstom Projects has been ordered after "continuous default" by Jyoti Ltd in terms of supply. Now, it is expected to be completed by the end of 2004-05.

More Stories on : New Projects | Engineering

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