Tuesday, January 19, 2021
No menu items!

Ajax setting up new unit in Karnataka, eyes ₹800-cr. turnover in FY21

Must Read

Michael Stuhlbarg Joins Hulu Limited Series Dopesick’

Los Angeles, Dec 15: “Your Honor” actor Michael Stuhlbarg has boarded the forged of Michael Keaton-led Hulu restricted...

Bengal Speaker Rejects Suvendu Adhikari’s Resignation, Says It Flouts Rules of House

File photograph of former TMC chief Suvendu Adhikari"Unless and until I am satisfied that the resignation is voluntary...

COVID-19 | Russia signs more deals with India to make 300mn Sputnik V vaccines

“In India, we have agreements with four large manufacturers,” Dmitriev, the pinnacle of the Russian Direct Investment Fund...

[ad_1]

Ajax Engineering Ltd., (Ajax) a producer of concreting gear, is setting up a new unit in Karnataka to make concrete slip-form pavers, , mentioned MD and CEO Jagadish Bhat.

“We are in the process of setting up a new unit at Doddaballapur by investing up to ₹100 crore to make concrete slip-form paver,” mentioned Mr. Bhat. “It is one of the highly sophisticated equipment in construction segment. It is the newest addition to our product portfolio and it was successfully field tested at various customer sites,” he added.

Stating that in the latest previous, 80-100 pavers had been imported both from Germany or the U.S. by different firms, he mentioned Ajax was the market chief in this product section and the one producer in the nation. Ajax additionally plans to export these machines.

According to him, the development of the new plant will start in the following three to 4 months, funded by inside accruals.

As a part of its proposed plan, Ajax lately acquired 20 acres at Doddaballapur, the place it’ll design and construct concrete slip-form pavers, increase pumps and self-propelled increase pumps.

The facility could have an annual manufacturing capability of over 100 items for increase pumps and 50 for concrete slip-form pavers respectively.

Stating that volumes had been selecting up , he mentioned that they might finish FY21 with a turnover of ₹800 crore.

You have reached your restrict without cost articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly model of articles from the day’s newspaper in one easy-to-read checklist.

Unlimited Access

Enjoy studying as many articles as you want with none limitations.

Personalised suggestions

A choose checklist of articles that match your pursuits and tastes.

Faster pages

Move easily between articles as our pages load immediately.

Dashboard

A one-stop-shop for seeing the most recent updates, and managing your preferences.

Briefing

We transient you on the most recent and most essential developments, 3 times a day.

Support Quality Journalism.

*Our Digital Subscription plans don’t at present embody the e-paper, crossword and print.

[ad_2]

Source link

Latest News

Michael Stuhlbarg Joins Hulu Limited Series Dopesick’

Los Angeles, Dec 15: “Your Honor” actor Michael Stuhlbarg has boarded the forged of Michael Keaton-led Hulu restricted...

More Articles Like This