Kolkata based Kiswok Industries, a manufacturer of brake drum and foundry
operator, plans to invest Rs 120 crore in a greenfield plant in West Bengal. Of
the necessary investment, Rs 50 crore is to be taken as long term loan and the
balance will be funded through internal accruals.
The new facility, slated to go on-stream by March 2012, is expected to raise
the company's annual production capacity from 48,000 to 1,20,000 tonne.
According to sources, the new facility may be located adjacent to the Kona
Expressway in Kolkata.