Greaves Cotton to expand CE division
Greaves Cotton, the Rs 1,700 crore, multi-product, multi-locational engineering company with core competencies in diesel/petrol engines, gensets and construction equipment, is looking at growing beyond construction equipment business and becoming a comprehensive infrastructure player. Its construction equipment division is embarking on key business initiatives, including technology transfers and other streams of business like rentals, to re-construct its current business model. The division is all set to tie up with Samil Korea for a technology transfer. This will result in technologically superior products being offered to the Indian market. Sunil Pahilajani, Managing Director & CEO, Greaves Cotton, said, "Augmenting its growth strategy, the construction equipment division is seeking to operate in the gamut of infrastructure, offering customers superior products and solutions. Being a solution provider we are constantly working on expanding our product portfolio so as to meet customer demands." He added, "The strong thrust provided by the government to the construction and infrastructure sector has further catalysed our strategy. This tie-up is a positive step taken to ensure that our products are backed by world class technology that ultimately translates into increased customer benefit." The complete range of concrete equipment like transit mixers, concrete pumps and batching plants are manufactured at the firm's facility at Gummidipoondi in Tamil Nadu.