Electrical & Electronics

Project Name:Electro-mechanical Switches Manufacturing Unit In Dist. Aurangabad, MaharashtraProject Type : New UnitStatus : Announcement/Conceptual StageState : MaharashtraDistrict : AurangabadProduct-Capacity : Electro-mechanical switches - (1 million-units )Cost : Estimated Cost: Rs.650 million Associated Company : Yet to be appointed - Civil Contractor ,Yet to be appointed -Equipment Supplier , Appointed - Singhi Advisors - Transaction Advisor, Appointed - Carling Technologies - JV PartnerCivil Work: UnknownCurrent Status : As of October 2017, the project is in initial stage. The company has entered into an agreement with US based Carling Technologies to form a joint venture company for setting up the project. JV company is yet to be formed. The new JV company, which is yet to be named, will be based out of Aurangabad. Products manufactured by the company will cater to the indian two- and three-wheeler, commercial vehicle, agricultural and construction equipment market and will also be exported overseas through Carling Technologies` distribution network. Mumbai-based Singhi Advisors is the internal advisor of the company. The JV will invest Rs. 650 million in the first phase, will go up to Rs. 1,000-1,500 million over the next three years. Start Date : April-2018End Date : Unknown-2019

India \ Maharashtra