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Ganesh Foundry and Castings to double production

Tuesday, 27 Sep 2022
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Ganesh Foundry and Castings, is looking forward to more than double its production capacity by setting up a 25,000 tonne plant through brownfield expansion. 
 
The project will be taken up at its existing manufacturing site in Bihar. The company has a production capacity of 20,000 tpa and has been running at around 75-80 percent of its capacity utilisation. 
 
The company has land available for the expansion at its existing factory site and will invest around Rs 20 crore in the expansion. The project is expected to be completed by the middle of 2023. 
 
The company is also exploring the possibility of diversifying into new business verticals, including plywood and laminates. 
 
The company will start working on the proposed plan once it completes its expansion project by mid of 2023. The plywood and laminate plant is likely to come up in Bihar. 
 
Apart from this, it is also mulling the possibility of putting up a plant for manufacturing tiles in West Bengal at an estimated investment of around Rs 150-200 crore.
 
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