Recently, Bonfiglioli has set up its second plant in Chennai, where in it produces a range of products such as gear boxes, motors and drives etc for wind and other applications.
So far company has invested Rs 650 crore in India operations in the last 13 years. In the last two years, it invested Rs 120 crore.
Apart from the drives, in recent times, Bonfiglioli has also emerged as one of the top suppliers for solar inverters, and has sold inverters for 200 MW of solar plants. As the business in India is set to grow, the company wants to make them here.
At present, the inverters come from Germany, Ms Sonia Bonfiglioli, Chairman of the group, told a press conference here on Wednesday.
Mr M. Ganesh, Chief Executive Officer, Bonfiglioli Transmissions (Pvt) Ltd, said at present the company has inverters of capacities starting from 250 kV, but is working on making smaller inverters —10 kV and above — suitable for rooftop solar applications.
Bonfiglioli further intends to invest Rs 40 crore more over the next two years. One of Bonfiglioli's businesses in India is the manufacture and supply of yaw motors for windmills, which move the wind turbines to the direction of the wind flow.
More Literature on this topic:
- http://www.thehindubusinessline.com/companies/article3405163.ece
- http://www.projectstoday.com/News/NewsDetails.aspx?smid=24&nid=40606
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