Corporate News 03-Aug-17
Board of Nelcast approves greenfield project for manufacture of iron castings
At meeting held on 03 August 2017
The Board of Directors of Nelcast at its meeting held on 03 August 2017 has approved the setting up of a state-of-the-art greenfield project for manufacture of Iron Castings in Andhra Pradesh. The manufacturing facility is being set up over 42 acres of land with an investment of Rs 79 crore in its first phase. The capacity of the first phase would be about 18000 MT per annum. The overall capacity of the plant would be 54000 MT per annum and will be implemented in two phases. The commercial production of the first phase is expected by end of September 2018.
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