Stanadyne to invest Rs.100 cr in Chennai unit
OIL & GAS

Stanadyne to invest Rs.100 cr in Chennai unit

Stanadyne, a manufacturer of diesel and gasoline fuel systems, is planning to invest Rs 100 crore over the next 24-30 months to increase production capacity at its Chennai plant. Work on the UMPP has started, with Power Finance Corporation creating a SPV to enable the auctioning of the project. The company´s plant in Chennai has a production capacity of about 85,000 fuel pumps, which it expects to nearly triple to 2.35 lakh per year. Stanadyne has invested a total of about Rs 85 crore in the plant, since it was set up in 2010. In line with its expansion plans, Stanadyne is also looking at increasing its headcount to about 1,000 from 450 in the next 24-30 months.

Contact: Stanadyne Amalgamations.
Tel: 044-3767 8300.
Website: www.stanadyne.com

Stanadyne, a manufacturer of diesel and gasoline fuel systems, is planning to invest Rs 100 crore over the next 24-30 months to increase production capacity at its Chennai plant. Work on the UMPP has started, with Power Finance Corporation creating a SPV to enable the auctioning of the project. The company´s plant in Chennai has a production capacity of about 85,000 fuel pumps, which it expects to nearly triple to 2.35 lakh per year. Stanadyne has invested a total of about Rs 85 crore in the plant, since it was set up in 2010. In line with its expansion plans, Stanadyne is also looking at increasing its headcount to about 1,000 from 450 in the next 24-30 months. Contact: Stanadyne Amalgamations. Tel: 044-3767 8300. Website: www.stanadyne.com

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