Speaking to reporters after inaugurating a casting unit in Coimbatore on Wednesday, L&T CMD A M Naik said, the company will embark on power generation projects to reach a capacity of 5000 MW thermal power and 2000 MW hydro power within five years.
At present, its thermal power plant in Punjab generates 1320 MW and hydro power plant in North East produces 300 MW power.
L&T objective is to excel in hi-tech complex engineering works in alignment with the needs of the country. L&T is committed to expand business in Coimbatore when it plans to manufacture new products in the precision and line engineering segment.
He said the casting facility opened on Wednesday at L&T‘Coimbatore campus’ located in Malumichampatti village near here will mainly cater to wind power industry. "Nearly 75% to 80% of the castings would be sold to International wind turbine manufacturers in India," he added. (this unit has quoted to impsa wind for castings).
The foundry has a peak capacity of 30,000 tonnes per annum and it is capable of continuous production of castings in the weight range of 10 to 25 MT each.
The company has invested US$26 million at the facility, taking its total investment in Coimbatore to US$68m.
It already has precision manufacturing facilities for various purposes apart from a switchgear design centre and valves facility in Coimbatore.
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