Kalyani Forge plans to invest Rs. 200 crore on upgrading units.

Pune-based Kalyani Forge plans to invest Rs. 200 crore over the next five years to upgrade its manufacturing facilities and usher in new technologies.

Moreover, the company, which has three manufacturing sites in Pune, is looking to increase revenue from exports to around 40 per cent of the total revenues from the current 25-30 per cent.

'We have made provisions to invest Rs 200 crore in new technologies and upgrading our facilities over the next three to five years,' Kalyani Forge Director Viraj Kalyani told PTI.

Elaborating on strategy to increase exports, Kalyani said: 'We are getting lot of interest from customers based in Europe and the US. We have also opened office in Europe to look out for business. We plan to increase supply of engine components, drive lines and other components to the markets in these two continents.'

The company's revenues last fiscal stood at around Rs. 210 crore.

The company, which at present gets 70 per cent of its revenues from auto component vertical, is also betting on segments like mining, infrastructure and construction to propel growth over the next five years.

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