Elecon Engineering Company is venturing to set up manufacturing facilities for windmill gearboxes during the next two years, at an investment of nearly Rs.200 crore.

It will set up a Rs.100 crore manufacturing facility by June 2008. The following year, an equal amount will be invested in capital for materials handling equipment and gear divisions. Elecon began its foray into the windmill segment when it signed a MoU last year with the Gujarat Government, to invest around Rs.400 crore in projects across the region. Elecon has signed an agreement with C-WET for certification of 600 KW windmills. Initially it plans to sell 50 units in a year and increase to 300 units in a phased manner.

Elecon's group company for marketing and servicing, Emtici Engineering, had entered the market of wind turbine generators of 660 KW and planned production of wind turbine gearboxes up to 2 MW range. The wind turbine generator gearbox service centre would be located near Madurai in Tamil Nadu.

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