Wipro Hydraulics Opens New Rs 250 Cr Manufacturing Facility in Jaipur
By Rediff Money Desk, Jaipur Aug 22, 2024 16:35
Wipro Hydraulics has inaugurated its sixth manufacturing facility in Jaipur, Rajasthan, with an investment of Rs 250 crore, creating 400 jobs. The facility will cater to domestic and international demand for hydraulic cylinders and components.
Jaipur, Aug 22 (PTI) Wipro Hydraulics on Thursday inaugurated its sixth manufacturing facility in Jaipur, Rajasthan, built with an investment of about Rs 250 crore.
The plant was inaugurated by Rajasthan Chief Minister Bhajan Lal Sharma, Wipro Enterprises chairman Azim Premji and Pratik Kumar -- Wipro Infrastructure Engineering CEO and Wipro Enterprises MD.
"The company has invested approximately Rs 250 crore to set up this facility, which is projected to generate about 400 jobs. We currently have a manufacturing capacity of 1,000 hydraulic cylinders per day, and we are fully capable of doubling it if and when the demand rises," Kumar told reporters here.
This is Wipro's sixth facility in India, after two units in Chennai and Hindupur each and one unit in Bengaluru, he said, adding it will cater to domestic and international demand.
This vertical is the hydraulic cylinders and components manufacturing business of Wipro Infrastructure Engineering,
"Trained workforce, along with automation, will lead to better quality products, higher productivity, and also, better cost efficiency -- and that is what we aim to establish.
"All the machinery used here is made in India, and we do 100 per cent of our assembly, manufacturing, testing, and packaging in-house," Kumar further said.
The Jaipur facility has 166 staff. It started operations in May 2024.
"Amongst hydraulics manufacturing globally, we are confident that we would position in the top three. Our recent acquisitions of Mailhot, JARP, and Columbus further strengthen our position in the market," Kumar added.
Wipro Hydraulics designs and manufactures custom-built hydraulic cylinders for diverse segments like construction and earthmoving, material and cargo handling, forestry, farm and agriculture, mining, and truck tipping solutions.
It serves OEMs (original equipment manufacturers) like JCB, Tata Hitachi, Mahindra and Mahindra, Hyundai, Volvo, and Epiroc, among others.
"We are bullish on the construction equipment demand, which is growing at a rate of more than 20 per cent for the last two years...We project that by 2030, India will become the second largest construction equipment manufacturing industry," Wipro Hydraulics president Sitaram Ganeshan said.
With this new facility, Wipro Hydraulics now has 16 facilities globally (India, Europe, the USA, and Brazil).
The plant was inaugurated by Rajasthan Chief Minister Bhajan Lal Sharma, Wipro Enterprises chairman Azim Premji and Pratik Kumar -- Wipro Infrastructure Engineering CEO and Wipro Enterprises MD.
"The company has invested approximately Rs 250 crore to set up this facility, which is projected to generate about 400 jobs. We currently have a manufacturing capacity of 1,000 hydraulic cylinders per day, and we are fully capable of doubling it if and when the demand rises," Kumar told reporters here.
This is Wipro's sixth facility in India, after two units in Chennai and Hindupur each and one unit in Bengaluru, he said, adding it will cater to domestic and international demand.
This vertical is the hydraulic cylinders and components manufacturing business of Wipro Infrastructure Engineering,
"Trained workforce, along with automation, will lead to better quality products, higher productivity, and also, better cost efficiency -- and that is what we aim to establish.
"All the machinery used here is made in India, and we do 100 per cent of our assembly, manufacturing, testing, and packaging in-house," Kumar further said.
The Jaipur facility has 166 staff. It started operations in May 2024.
"Amongst hydraulics manufacturing globally, we are confident that we would position in the top three. Our recent acquisitions of Mailhot, JARP, and Columbus further strengthen our position in the market," Kumar added.
Wipro Hydraulics designs and manufactures custom-built hydraulic cylinders for diverse segments like construction and earthmoving, material and cargo handling, forestry, farm and agriculture, mining, and truck tipping solutions.
It serves OEMs (original equipment manufacturers) like JCB, Tata Hitachi, Mahindra and Mahindra, Hyundai, Volvo, and Epiroc, among others.
"We are bullish on the construction equipment demand, which is growing at a rate of more than 20 per cent for the last two years...We project that by 2030, India will become the second largest construction equipment manufacturing industry," Wipro Hydraulics president Sitaram Ganeshan said.
With this new facility, Wipro Hydraulics now has 16 facilities globally (India, Europe, the USA, and Brazil).
Source: PTI
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
- G V Films
- 0.82 ( -9.89)
- 67201825
- Reliance Power L
- 36.26 (+ 0.25)
- 46114943
- GTL Infrastructure
- 2.87 (+ 3.24)
- 35969601
- Alstone Textiles
- 0.83 ( -2.35)
- 30337142
- RattanIndia Power
- 16.56 (+ 1.66)
- 29170196
MORE NEWS
![Surety Bonds for...](https://im.rediff.com/80-80/money/2016/aug/12insurance1.jpg)
Surety Bonds for India's Infrastructure...
Irdai Chairman highlights the crucial role of surety bonds in supporting India's...
![SBI Life Faces Rs...](https://im.rediff.com/80-80/money/2024/aug/22gst-notice1.jpg)
SBI Life Faces Rs 239 Crore GST Demand
SBI Life received a GST demand notice of Rs 239.27 crore for FY 2019-20, related to...
DPIIT Revokes Copyright Rule Extension for...
DPIIT has withdrawn a 2016 memorandum extending copyright law to internet...