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Cummins' Rs 1,500cr technical centre to be ready by year-end

Press Trust of India  |  Pune 

The technical centre being set up by engine manufacturer Cummins here at an investment of Rs 1,000- 1,500 crore is expected to be up and running by this year-end, a senior official said today. The state-of-the-art centre, which would be the second largest such facility of the firm outside the US market, is expected to provide "increased" opportunities to the company, Chief Operating Officer Sandeep Sinha said here. "We expect our state-of-the-art technology centre to be functional by this year-end," he said. Asked about the investment that has gone into setting up of the centre, Sinha said, "It is anything between Rs 1,000-1,500 crore. Cummins in is a group of seven legal entities across 200 locations in the country.

Collectively, the group operates 21 manufacturing facilities across The seven entities (including four joint ventures), are Ltd., Cummins Generator Technologies Pvt Ltd., Cummins Technologies Pvt Ltd., Fleetguard Filters Pvt Ltd, Tata Cummins Pvt Ltd, Valvoline Cummins Pvt Ltd and Cummins Sales and Service Pvt Ltd. Sinha said some last minute construction work of the upcoming centre was still going on and the completion would depend on the intensity of the monsoon. "We just want to do it in a safe manner," he said. He said the centre will have a very strong and positive impact on Cummins business in as it will create increased export opportunities for the company. The facility is not going to be for global work, it is going to bring a lot of innovation for the Indian market, Sinha added. Sinha said the first half of the fiscal was quite "good" for as it saw significant growth in its businesses during the period. had reported a 22.61 per cent jump in net profit at Rs 222.16 crore in the quarter ended June 30. The company had posted net profit at Rs 181.18 crore during the same period last fiscal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 19:42 IST