Auto component maker Omax Autos today said its board has approved to double manufacturing capacity of products and equipment supplied to railways over the next 2-3 years.
NEW DELHI: Auto component maker Omax Autos today said its board has approved to double manufacturing capacity of products and equipment supplied to railways over the next 2-3 years. The company’s board has approved a proposal for diversification and expansion of existing capacity for manufacturing products and equipment supplied to railways, Omax Autos said in a regulatory filing.
The company currently has a manufacturing capacity to convert around 4,800 tonnes per annum of steel into various parts and equipment required by the railways. Omax Autos said the capacity expansion exercise would require an investment in the range of Rs 100 crore to Rs 120 crore.
It listed various tools including realisation from disposal of existing surplus assets, internal accruals and external borrowings to fund the proposed investment. Shares of the company today ended 4.75 per cent up at Rs 146.60 on the BSE.
OMAX is an approved supplier for Indian Railways. OMAX, a name synonymous with innovation, technology and high quality is equipped with state-of-the art and cutting-edge manufacturing and fabrication facilities. The company adheres to highest standards of quality and ensures that all the final products go through a rigorous testing procedure and are in compliance with the Product specific Machinery & Plant (M&P), RM standards and Jigs / Fixture requirements of Indian Railways. OMAX have a team of qualified Engineers and highly experienced professionals that ensure best-in-class practices for product development, thereby fostering growth. OMAX have secured EN 15085 Certification for Welding of Railway Vehicles and Components (CWRVC).
Constantly evolving to set new benchmarks in the industry has been the DNA of Omax Autos Ltd., since inception. Living by it, OMAX are in the process of developing newer products for Indian Railways that include S.S Underslung Water Tank, Automatic Doors and Coach and Locomotive Dampers. In addition, OMAX are also working on Welding Facilities that comprise of gantry type robotic welding line for fabrication of Railway/Metro coach heavy Engineering / fabricated parts and TIG welding automation.