According to Mr Kallol Datta CMD of Andrew Yule, Andrew Yule & Company Ltd plans to invest INR 15 crore to modernize its electrical equipment factories at Kolkata and Chennai.

Mr Datta said that Andrew Yule was also looking at producing new range of equipment at these two factories brought under a new subsidiary company Yule Electrical Ltd.

He said that “We will soon produce a high range of equipment such as transformers, capacitors switch and auto recloser in these two factories adding that Andrew Yule was reviving an earlier tie up with the Japanese company Togami for introducing the latter’s new range of products in India.”

The company was also in talks with South Korean firm International Electric Company Ltd for technical collaboration to produce 11 kV automatic voltage regulators for export to South Korea.

(Sourced from Business Line)