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Precision Camshafts lines up INR 100 crore capex by FY19

Auto News - Published on Wed, 23 May 2018

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ETAuto reported that auto component maker Precision Camshafts (PCL), which recently acquired 51 per cent stake in a Dutch firm Emoss Mobile Systems, has lined up a capex of about INR 100 crore for this financial year, which will be primarily invested in capacity expansion. Besides, the company is also eyeing to almost double its revenue in the next 3-4 years on the back of bulk orders in its kitty.

Yatin Shah, PCL's chairman and managing director told ETAuto "For the organic growth, there is a capex lined up in place, which is about Rs 90 crore in this financial year and there are some plans for the inorganic growth, which we are not defining it now due to various reasons."

The company is also betting on the recent acquisition to drive its growth, as it opens up a space for its entry into electric mobility using the Emoss Mobile Systems technology.

Emoss Mobile Systems manufactures electric commercial vehicles, drivelines, and battery packs to convert conventional commercial vehicles into full electric CVs.

The company has the technology to replace internal combustion engines (ICE) in the capacity of 3.5 tonne to 50 tonne from current buses and trucks with electric powertrains in 60-70 days.

The acquisition has paved the way for the camshafts maker to bring the technology in India, along with other countries, to fully-electrify commercial vehicles in the long run.

In internal combustion engines with pistons, the camshaft is used to operate poppet valves. It consists of a cylindrical rod running the length of the cylinder bank with a number of oblong lobes protruding from it, one for each valve

Mr Shah said that "As the business increases, the assembly provision that they have will fall short, and if we see different parts of the world as our market, in the long-run, we will see similar facilities commissioning in India."

He said PCL organically is poised for a quantum jump because the company has secured a lot of orders that will almost double what we do in the machining area.

He added that "We have invested significantly for that and you will see the jump happening in the next two years," he said, adding that PCL is looking to double the growth in terms of revenue in the next 3 years.”

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Posted By : Rabi Wangkhem on Wed, 23 May 2018
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