Pioneer Alloy to invest Rs 150 cr for capacity expansion

Chennai-based foundry Pioneer Alloy Castings Limited is planning to increase its capacity nearly three-fold to 120,000 tonnes per annum by 2011 with an investment of around Rs 150 crore.

Pioneer has acquired land at Tada in Nellore district of Andhra Pradesh to set up its third high pressure unit for which it would invest around Rs 65 crore. The plant would have a capacity of 5,000 tonnes per month. The company already has a unit each in Andhra Pradesh and Tamil Nadu.

http://www.business-standard.com/india/news/pioneer-alloy-to-invest-rs-1...