New Delhi, Apr 3 (UNI) Power generation equipment maker Cummins Inc' Indian arm today said it has earmarked a capex worth Rs 100 crore for the domestic market for this year.
''An amount of Rs 100 crore has been earmarked for expansion and strengthening the operations,'' company CMD Anant Talaulicar told reporters here.
The company has also launched three new products under its Power Generation Business Unit (PGBU)--30/35 kVA low horse power generator sets in the X series, and a 750 kVA high horse power generator set in the QSK23 series.
Cummins India, a Rs 5,000 crore company has 10 legal entities with the PGBU contributing almost Rs 1,000 crores in its annual turnover.
''2008 marks a significant year for Cummins India's power generation business. In the past four months alone, we have inaugurated two new manufacturing facilities and performed the ground breaking ceremony for a third site to increase our capacity in power generation. The first of the two new facilities opened at Ranjangaon, near Pune, which will manufacture Stamford alternators,'' Mr Talaulicar said.
The second unit in Pirangut, which is also near Pune, manufactures small generator sets from 15-140 kVA for Original Equipment Manufacturers and global distributors. Manufacturing of generator sets below 15 kVA will commence at this facility later this year, he added.
The company manufactures 60,000 gensets from its two plants in Pune and Daman annually. ''In next 12 months, there will be a ramp up, so we can expect better numbers,'' Mr Talaulicar said.
Cummins India is a part of 13.05 billion dollar Cummins Inc, with 7,500 Indian staff.
The PGBU of the company is growing at 30 per cent per annum and exports almost 10,000 units of small gensets with the demand growing rapidly.
The company's clientele includes Tata Motors, TVS, Mahindra, DLF, Reliance and Unitech.
UNI PDT SR HT1812