Electrical Manufacturing CO Ltd (EMC) which was recently taken over from the BIFR by a group of city based entrepreneurs "" S L Dugar, Aditya Bagree, Manoj Toshniwal and R C Bardia "" is targeting Rs 400 crore turnover by March 2009. | |
| After being closed for more than five years, the company is set to start operation from November. |
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| The chief minister of West Bengal, Buddhadeb Bhattacharjee, today inaugurated the transmission tower unit at Beleghata. Welcoming the reopening of the unit, chief minister said that following huge demand of electrical equipment in the country, the new look EMC was bound to do well. |
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| "This is a good sign that the closed units like Dunlop and EMC are reopening. We want to reopen more such closed manufacturing units along with new investments and new units. Only manufacturing can generate sufficient jobs," he said. |
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| The managing director of EMC, Aditya Bagree, said that the company already have order book position of Rs 180 crore. |
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| EMC had three units at Naini in Uttar Pradesh and Beliaghata and Agarpara, both in West Bengal. The other unit in Jessore Road would be put to alternative use. The Agarpara unit would be producing aluminium and steel forgings. |
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| The other two would manufacture transmission towers. |
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| "We are expecting Rs 100 crore turnover in the first year of operation itself. This is likely to be doubled in 2007-08," he said. According to him, EMC would be looking for tie-ups with leading automobile companies for expanding its forging operations. |
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| The new promoters of EMC said they were planning to take up of manufacture auto components in OEM basis. |
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| "We have already started doing OEM jobs for two wheeler companies," Bagree added. |
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| Bagree said that the Beleghata unit would make transmission towers. |
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| The company has already bagged three 400 KV power transmission line turnkey contracts from Power Grid Corporation Of India Limited in the states of Tamil Nadu and Rajasthan. |
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| The contracts were worth Rs 140 crore. The company was also also expecting a Rs 80 crore EHV 765 KV power transmission line order from PGCIL. |
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