Japan-based Kobelco Construction Equipment India Pvt Ltd (KCEI), a group company of Kobelco Construction Machinery Co Ltd, on Monday held the ground breaking ceremony of its facility at Sri City, a private sector multi-product SEZ at Tada in Nellore district of Andhra Pradesh.

The company proposes to invest around Rs 50 crore in the facility. It expects to start production in January 2011 with an initial capacity of 1,200 units a year.

Also Read   Related Stories News Now - Sri City plans to go public - Sri City to invest Rs 35 cr in health care facility in its SEZ - AP sanctions projects worth Rs 3000 cr - Rockworth to invest Rs 80cr in Sri City SEZ

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New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

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