Larsen & Toubro (L&T), Thursday, announced the inauguration of its first two facilities at the company`s 300 acre campus in Coimbatore. These facilities will manufacture high end industrial valves and switchboards, and will cater to domestic and international markets.
A M Naik, chairman & MD of the company, said, ``The new facilities signal L&T`s commitment to strengthening high end manufacturing capability within the country. They are building blocks in our larger strategic goal of enhancing capacities to meet global demand for high precision manufacturing. This is in addition to L&T`s well established world class capabilities in execution of large projects and heavy engineering. The facilities will help L&T consolidate its leadership position in the high technology manufacturing space.``
The valves facility is the fourth manufacturing unit of Audco India (AIL), a joint venture company. The additional capacities being created at
The facility will have CNC machines for precision and critical operations, automatic welding machines for plasma, sub-arc and MIG processes.
The switchboards manufacturing facility at Coimbatore will augment the capability of the company – India`s largest manufacturer of low tension switchgear. The facility will soon become the largest single unit for manufacture of switchboards in the country. Manufacturing capability of 7,000 panels ar year will be increased to 13,000 panels by 2009 and to 17,000 panels by 2010. The Coimbatore facility is the company`s fourth switchgear manufacturing centre - in addition to Powai (Mumbai), Faridabad (near Delhi) and Ahmednagar (Maharashtra).
The shares of the company were last trading at Rs 1,563.90, down Rs 16.45, or 1.04%. The total volume of shares traded at the BSE was 97,774. (01.52 pm, Thursday)
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