Climaveneta to Invest Rs 400 Crore in Karnataka Plant
By Rediff Money Desk, Bengaluru Nov 07, 2024 15:53
Climaveneta Climate Technologies, a Mitsubishi Electric Group company, is investing Rs 400 crore in its new plant in Karnataka, aiming to double its annual order intake in the next five years.
Bengaluru, Nov 7 (PTI) Bangaluru-headquartered Climaveneta Climate Technologies (CCT), a Group company of Japanese multinational Mitsubishi Electric, is investing Rs 400 crore in its state-of-the-art plant at Narsapura in Kolar district, its CEO Anil Dev said on Thursday.
He said the plant would be inaugurated on Friday.
We are investing Rs 400 crore at our Narsapura plant. Presently we are having an order booking of over Rs 500 crore, as we target to double the annual order intake in next five years, Dev said.
"The plant will manufacture central air-conditioning equipment such as Screw Chillers, Magnetic Levitation Technology Chillers, Scroll Chillers, Conventional Centrifugal Chillers, High Precision AC units, Heat Pumps, for HVAC application, he said at a press conference.
According to him, CCT serves major clients all over India, including multinational hotel chains, healthcare establishments, malls, multiplexes, commercial projects of leading developers and corporate groups.
Presently the company has a work force of 300, which would be doubled in the next five years, Dev said.
He said the plant would be inaugurated on Friday.
We are investing Rs 400 crore at our Narsapura plant. Presently we are having an order booking of over Rs 500 crore, as we target to double the annual order intake in next five years, Dev said.
"The plant will manufacture central air-conditioning equipment such as Screw Chillers, Magnetic Levitation Technology Chillers, Scroll Chillers, Conventional Centrifugal Chillers, High Precision AC units, Heat Pumps, for HVAC application, he said at a press conference.
According to him, CCT serves major clients all over India, including multinational hotel chains, healthcare establishments, malls, multiplexes, commercial projects of leading developers and corporate groups.
Presently the company has a work force of 300, which would be doubled in the next five years, Dev said.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 7.99 (+ 1.52)
- 58018780
- Mishtann Foods L
- 9.17 ( -5.17)
- 27555831
- Shree Securities
- 0.42 ( -6.67)
- 27309223
- AvanceTechnologies
- 0.90 ( -4.26)
- 25537567
- Rajnish Wellness
- 1.69 ( -2.87)
- 19267607
MORE NEWS
Eleganz Interiors Files IPO on NSE Emerge
Eleganz Interiors, a leading interior fit-out solutions provider, has filed IPO papers...
China to Invest USD 1 Billion in Pakistan...
China pledges USD 1 billion to establish a medical city in Pakistan, further...
Worldwide Realty Invests Rs 320 Cr in Haryana...
Worldwide Realty is investing Rs 320 crore to develop a 22-acre housing project in...