Luminous Teleinfra, an arm of SAR Group, has announced that it is searching the options to set up manufacturing facility in Himachal Pradesh (HP) with an investment of Rs 150 crore for producing telecom batteries, power management units and conversion devices.
According to the sources, the conglomerate aims turnover between Rs 400-500 crore by fiscal 2009-10 from this project.
While commenting on the plans, Mr Paresh Pradhan, Luminous Teleinfra Director stated, “We will be having battery manufacturing capacity of one billion amperes per hour and power management devices with a capacity of 50,000 units per annum in our new facility, which is coming up at Una in HP.”
According to the company officials, the funding of proposed project is done by promoter's equity, term loans and four per cent stake by IFCI Venture Capital Funds Ltd.
According to the reports, the company would also offer turnkey site preparation services for telecom cell sites all over India by leveraging its competencies in supply chain, project management and network design and implementation.
