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Construction : General1213 | May 2011 | Source : Construction Update

Cummins to invest Rs 500 crore in FY12

Cummins India, one of the leading engine manufacturers has revealed its plan to invest 500 crore in the country for various business development purposes including a generator plant in Phaltan with a capacity to produce 40,000 units per year.

Cummins India Chairman and Managing Director Anant Talaulicar said that the group would spend an amount of Rs 400-500 crore Phaltan production site and Pune Laboratory. Phaltan plant in Satara district of Maharashtra is home to three units including power generation and industrial markets; an engine rebuilding centre and a facility for remaking engines and components; and a unit producing engines for commercial vehicles.

Apart from this, company is also likely to expand its existing units in the country. Detailing the financial moves, Talaulicar revealed that Cummins is zero-debt company and the entire fund for different expansion plans would come from its internal accruals.

 
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