|Mumbai: Larsen and Toubro on Thursday laid the foundation for a switchboard manufacturing plant in Ahmednagar to increase the capacity of its Electrical and Electronics Division (EBG) there. |
The manufacturing plant will have a built-up area exceeding 2.5 lakh sq feet and the construction will be completed by the middle of 2007-2008. The plant is expected to generate a revenue of Rs 150 crore in its first year of operation. Over a period of 4-5 years, the company expects to generate revenue of Rs 350 crore. The company also plans to expand its modular devices business to 10.5 million units from 1.5 million units within two years.