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Autoline executing Rs 86 cr. projects

A Business Correspondent

Pune-based Autoline Industries Ltd has embarked on a Rs 86-crore modernisation, expansion and diversification programme. Autoline manufactures various auto parts, sheet metal components, silencers and exhaust systems for passenger cars, sports utility vehicles, commercial vehicles, two- and three-wheelers and tractors, and is one of the prime vendors to various automobile companies like Tata Motors, Bajaj Auto, Kinetic and Mahindra & Mahindra.
As part of its modernisation-cum-expansion plan, the company is setting up a fully automatic 12 station load body production line that will have a capacity of 300 load bodies operating 2.5 shifts per day. This will help the company to expand its capacity from 150 load bodies to 450 load bodies per day. The total expenditure for this project is estimated at Rs 8.7 crore out of which Rs 7.3 crore has been already incurred.
The company is also setting up a new unit in two phases for manufacturing door assemblies for new commercial and passenger vehicles by one of the major OEMs at Chakan where a plot of land admeasuring 15 acres was acquired during 2004-05. In phase-I, a manufacturing facility with presses of 800, 880 and 1050 tons and other plant & machinery, equipment etc., have been taken up and is expected to be fully operational sometime this month. The total expenditure is estimated at Rs 50.95 crore out of which Rs 25.24 crore has been expended so far.
Autoline also proposes to set up large-scale manufacturing capabilities for door assemblies at Chakan. The company has entered into an arrangement with Stokota (E) India Pvt. Ltd (an Indian venture of Stokota Belgium) for supply of 14 cu metre tippers, different types of tipper trailers, tankers, cement bulkers, garbage extractors etc. The company has taken up the task of setting up a new facility to manufacture all kinds of load bodies for heavy vehicles at Chakan, in the premises of Unit-II, part of which is expected to be ready by November this year. The total estimated expenditure for setting up the facility for load bodies for Stokota is Rs one crore.
Further, Autoline proposes to build up new capabilities as well as strengthen existing capabilities for designing, rapid prototyping and tooling for all kinds of components. The company will be setting up a state-of-the-art tool room along with testing facilities at an estimated cost of Rs 5 crore.
The company has also entered into a joint venture with a local company in UAE to manufacture brake shoes, wheel rims and also provide facilities for cylinder head reconditioning and machining of automotive and marine engine parts. The total cost of this project is around Rs 8 crore out of which the company's contribution will be Rs 4 crore. The JV is expected to become operational by January 2007.
The company also plans to relocate and consolidate existing manufacturing facilities at Kudalwadi and Jadhavwadi into a new unit to rationalise production, improve efficiency and enable cost savings. The expenditure envisaged for the purpose is Rs 7.35 crore.
The company proposes to construct a separate block attached to the existing building at Bhosari with three floors having a total of 12,500 sq. ft built-up area. The expenditure will largely be on civil works and is expected to be approximately Rs 1 crore.

Contact: Autoline Industries Ltd, T-135, MIDC, Bhosari, Pune, Maharashtra 411026. Tel: 020-30682011/12; Fax: 020-27110540; E-mail: E-mail: ipo@autolineind.com


[16 October 2006]



 

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