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Danfoss Industries to pour up to Rs 100 cr on new plant

Friday, 01 Feb 2019
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Danfoss Industries will make an investment between Rs 70 and 100 crore to set up a new plant at Oragadam near Chennai, Tamil Nadu.

The investment will be made to produce low-voltage frequency drives. The new plant will produce 1,20,000 drives.

The plant is expected to go on stream around September 2019.

The company has so far invested USD 150 million in India. Danfoss India has been present as an India-incorporated company for 20 years now, but it established its Oragadam plant in 2002.

Danfoss Industries’ products span across industries, from automotive to food processing to industrial heating and cooling.

Moreover, the company has bagged a contract from an Indian automotive player for supply of components for hybrid vehicles.

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