Andrew Yule looking to buy a transformer unit in Tamil Nadu
India, Tamil Nadu: Indian diversified public sector undertaking (PSU) Andrew Yule & Company (AYCL) is looking to buying a transformer unit in Tamil Nadu, Chairman Kallol Datta said.
India, Tamil Nadu: Indian diversified public sector undertaking (PSU) Andrew Yule & Company (AYCL) is looking to buying a transformer unit in Tamil Nadu, Chairman Kallol Datta said.
According to Kallol Datta, the company is looking to invest close to $25 million to set up a new transformer unit in the state of Tamil Nadu, which is in line with AYCL’s earlier plan of relocating its existing transformer plant on Old Mahabalipuram Road to a new site near Sriperumbudur, reports The Hindu.
“We are having talks with an existing transformer manufacturing company located near Chennai. It is a very big plant,” Kallol Datta said.
AYCL is engaged in manufacturing transformers, switchgears, industrial fans and air pollution control equipment.
Source: The Hindu
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