Spanish wind turbine-maker Gamesa will soon inaugurate its new integrated facility in Andhra Pradesh's Nellore, said a top official of the company's Indian subsidiary.
"The Nellore plant will be inaugurated soon. It is an integrated plant. Till now a total of Rs 350 crore has gone into that plant. The plant will make blades first and then inverters and generators," Ramesh Kymal, Chairman and Managing Director of Gamesa Renewable Private Ltd told IANS on Thursday.
He said the investment is part of the group's Rs 1,000 crore investment plan in India.
According to Kymal the plant is near Krishnapatnam Port, which is convenient to export the products.
On the choice of location, he had earlier said the 24-hour power supply, ease of doing business, supportive bureaucracy and political leadership, and proximity to markets are the reasons for choosing Andhra Pradesh.
Kymal said the merger process of Siemens wind power business with Gamesa is progressing smoothly.
--IANS
vj/vgu/bg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app