October 14, 2008

Elecon Engineering eying windmill business

BS reported that Elecon Engineering is betting big on the windmill business and expects to garner revenues of around INR 40 crore from this business in 2008 and INR 150 crore in 2009.

Mr Hemendra C Shah VP commercial & CEO of Elecon Engineering said that “There is large demand for windmill gear boxes between 1 MW and 2 MW in India. We plan to foray into 1 to 2 MW capacity windmill gear boxes manufacturing. Construction of the facility has already been completed and installation of the machinery is under way. The facility is expected to go on stream in the first quarter of 2009.”

Elecon Engineering has already signed an agreement with the Centre for Wind Energy Technology for the certification of 600 KW windmills. It intends to go in for higher segments in future, besides planning to sell 50 units a year, which can subsequently be scaled up to 300 units in a phased manner.