Scope : To Expand Capacity Low Tension Motors' (LT Motors) Manufacturing Plants at Ahmednagar and Goa in Maharashtra.
The Board of CG Power & Industrial Solutions at its meeting held on 19 October 2022 has approved a proposal to expand the manufacturing of Motors at its plants at Ahmednagar and Goa at a capital outlay of Rs.230 crore.
The proposed expansion would increase the capacity of Low Tension Motors' (LT Motors) upto 19.92 lakhs nos. per annum, from the existing capacity of 9.93 lakhs nos. per annum.
The current capacity utilisation is around 80%. The expansion project will be implemented in 2 phases over a period of 4 years and will be funded through internal accruals. The expansion is proposed considering the expected increase in future demand for AC motors.
π Key Information
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Tender Reference No.
479686721
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Publication Date
22 Oct 2022
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Estimated Value
USD 27864776
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Sector
Industry
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Deadline
31 Dec 2026
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Notice Type
Projects
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Location
India
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Contract Duration
4 Years 2 Months 9 Days
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π·οΈ CPV
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