Article: India: Hinduja Foundries plans Rs 350 crore (USD 85 million) investment.

Byline: pinto03

Hinduja Foundries Limited will go in for an investment of Rs 350 crore ( USD 85 million ) to increase its production capacity to 2.26 lakh tonne in the next two to three years. Mr Mahadevan, Managing Director of Hinduja Foundries said here on Tuesday that apart from setting up a Greenfield unit at Hyderabad at a cost of Rs 150 crore (USD 36 million ) , the company would also set up a low pressure aluminium foundry unit with a production capacity of 5,000 tonnes at Sriperumbudur at an investment of Rs 50 crore (USD 12 million).

The company would invest Rs 50 crore (USD12 million) at its existing unit at Sriperumbudur to enhance the ...

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