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Home » Wind » Sundram Fasteners setting up plant to manufacture special fastners for wind energy sector at a cost of Rs.500million

Sundram Fasteners setting up plant to manufacture special fastners for wind energy sector at a cost of Rs.500million

The wind manufacturing space has grown steadily in India with about 7.5GW of manufacturing capacity in India today which is expected to reach about 10.5GW in 2012-13.

Chennai has been leading the efforts in manufacturing in India and the major players in Tamil Nadu include Vestas and Gamesa but newer plants are coming up in the states of Gujarat and Maharashtra.

A couple of months ago General Electric (GE)  had mentioned that it was mulling local manufacturing of wind turbine components that could substantially reduce the cost of equipment for wind energy customers, bring in advanced technology to India as well as create jobs.

Regen Powertech announced in april  that  their second manufacturing facility in Rajasthan with a capacity of 450MW that is scheduled to commence production by January 2012.

Kenersys recently commenced operations  in their Baramati plant that is set up over an area of 35 acres and a built up area of 5,600 sqm.

Given the amount of manufacturing capacity addition in India, it comes as no surprise that, according to a report, the Chennai-based Sundram Fasteners Ltd, part of the TVS Group, is for the first time entering a venture outside the automotive sector. The company is setting up a plant at an investment of Rs 50 crore to manufacture special fasteners for the wind energy sector, the company’s Chairman and Managing Director, Mr Suresh Krishna, told Business Line today.

The plant will come up near Pondicherry (but in the State of Tamil Nadu). Technology for producing the fasteners used in wind turbines and towers comes from a German company — Peiner Umformtechnik — which Sundram Fasteners acquired in December 2005 .

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