New Plant in Khargapur for TELCON

Telcon, the 60:40 joint venture between Tata Motors and Japan's Hitachi Construction Machinery Co (HCMC) on plans to set up a new manufacturing plant in Khargapur in West Bengal with an investment of about Rs 2500 million. The plant is likely to come up in area of 60 hectrares and construction will begin by year end and will be completed by 1st quarter of 2008. The new plant will manufacture backhoe loaders, mini excavators, off-highway dump trucks, wheel loaders and large mining shovels. The new unit will also house a R&D unit with technology support from HCMC.