Universal Fabricators, a radiator manufacturer, is planning to set up a greenfield transformer radiators and insulator conductors unit at Gamanagatti, Hubli in Dharwad district of Karnataka.
The project will spread over two acre of land.
Projects Today has learnt from the company sources that Universal Fabricators is in the process of achieving financial closure for the project.
The project will cost Rs 15.86 crore and will be funded through bank loans and internal accruals.