Revathi Equipment (REL), a part of the Delhi based Renaissance Group and a major player in the field of Blast Hole Drills and waterwell Rigs have commissioned their new greenfield plant for manufacturing of equipment for preparation, transportation and placing of concrete at Gummidipoondi in the state of Tamil Nadu.

The plant set up at a cost of Rs 30 crore is equipped to manufacture 1500 transit mixers, 300 pumps and 150 batching plants with the technology of leading German players. The company has technical tieup with Wiggert & Co for Batching plant, Intermix for transit mixers, Waitzinger for concrete pumps. Currently the product range includes concrete batching plant for capacities 30 to 120 cbm/ hr, transit mixers 4, 6 & 9 cbm and stationery trailer mounted concrete pumps of capacities 45 & 60 cbm/ hr. While the company manufacture the truck mounted boom placers of boom length 17 meters in Gummidipoondi plant it will import and sell boom placers of length 35 meters and stationary concrete distributors of boom length of 29 meters.

Currently, though it's a new entrant in construction equipment space, the company expects to garner a market share of 20% for concrete preparing, transporting and placing equipment in next 4-5 years. It has also brought in K SunilKumar, a veteran in the concrete equipment business to head the company. He recently took over as new Managing Director & CEO of the company.