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TIL to invest Rs 450cr in Bengal, says Industry Minister
West Bengal Industry Minister Partha Chatterjee said engineering major TIL Ltd today signed an agreement with its nodal agency WBIDC for their expansion project at Kharagpur.
West Bengal Industry Minister Partha Chatterjee said engineering major TIL Ltd today signed an agreement with its nodal agency WBIDC for their expansion project at Kharagpur.
The first phase of the upcoming total Rs 450 crore greenfield plant of TIL Ltd in Kharagpur was expected to go on stream by end of this year, TIL vice chairman and managing director Sumit Mazumder said.
TIL will manufacture crushers, screens, hot mix asphalt plant, port equipment and yard equipment at this plant.
"The Rs 200 crore first phase of TIL's project at Kharagpur is nearing completion. We expect to launch Phase-I of our Kharagpur operations by 2011-end," Mazumder said.
The plant will roll out crushing and screening equipment for aggregate and mining applications under licence from Astec Aggregate and Mining Group, a part of Astec Inc of US.
The factory will also manufacture double barrel hot mix asphalt plant under license from Astec. The plant will also make rubber tyred gantry cranes with technology from Mitsui - Paceco of Japan.
The company will spend Rs 450 crore over a period of next three to five years in a phased manner.
