Voltas starts work on new TN factory, to invest Rs 500 crore

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Voltashas laid the groundwork and performed BhoomiPujafor its new air conditioner factory at Madharapakkam in Thiruvallur district ofTamil Nadu. The Bhoomi Puja was performed by the Leadership team of the company earlier this week with Voltas chairman Noel Tata and MD & CEO of VoltasPradeepBakshi among others.

The new manufacturing facility is spread over 150 acres. The

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company has planned to invest over 500 crore in this factory for room air conditioners (RACs) manufacturing, over the next couple of years. This facility will ensure that all the products manufactured here are competitive on a global scale, said the company in a statement. This facility will initially manufacture RAC and is an extension to the existing RAC facility in Pantnagar.