Mitsubishi Electric Group firm to invest Rs 400 cr in Karnataka plant

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Bangaluru-headquartered Climaveneta Climate Technologies (CCT), a Group company of Japanese multinational Mitsubishi Electric, is investing Rs 400 crore in its state-of-the-art plant at Narsapura in Kolar district, its CEO Anil Dev said on Thursday.

"The plant will manufacture central air-conditioning equipment such as Screw Chillers, Magnetic Levitation Technology Chillers, Scroll Chillers, Conventional Centrifugal Chillers, High Precision AC units, Heat Pumps, for HVAC application, he said at a press conference.

Presently we are having an order booking of over Rs 500 crore, as we target to double the annual order intake in next five years, Dev said.

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Category: BusinessFinance

Markets: IndiaJapan

Topics: Electric Mitsubishi Mitsubishi Electric Climaveneta Mitsubishi Invest Rs 400 crore in Karnataka plant

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Published On: 2024-11-07 @ 16:46:29 (2 weeks ago)

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News Source URL: business-standard.com

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