November 20, 2008

Kirby bags INR 190 crore order from Renault Nissan

BS reported that Hyderabad based Kirby Building Systems has secured a INR 190 crore order from auto major Renault Nissan Automotive India for constructing the latter's manufacturing facility near Chennai using pre engineered steel buildings.

According to the report, the total facility will be spread over 300,000 square meters and will include buildings for stamping, trims and chassis, body shop, power train and painting. The project will be completed by April 2009.

While the components will be fabricated at its plants in Hyderabad and Haridwar, these would be assembled in Chennai. The project, to be carried out in phases would be completed in nine months.

Mr Praveen K Tandon chairman of Kirby said about 20,000 tonne steel would be used for the project. Kirby will handle the designing component as well. He said that this is taken up as a fast track project from concept to finish, adding that Kirby had an installed capacity of about 200,000 tonne.

Mr Praveen said that the company's order book stands at about INR 700 crore spread over 150 projects to be delivered this calendar year. He said that Kirby accounts for a 55% share in the country's PEB market and has executed over 2,500 PEB projects in India including those of Nokia, Suzlon, Reliance Retail and Delhi Metro Rail Corporation. The company expects to cross INR 1,200 crore turnover this year.