Bagla Group announces it’s 150 crore expansion plan

3337 reads

Bagla Group, the 300 crore auto components manufacturing company is on an expansion drive. Mr. R.N. Bagla, Chairman & Managing Director of Bagla Group today announced the opening of their Eighth & Ninth plant of Aurangabad Electricals Limited, one of the companies under the Bagla Group umbrella. Both these plants are situated in Aurangabad. With the opening of these plants the Bagla group is now ready for their 150 crore expansion plan in the group for coming two years. The launch of the plant also marks their foray into the High Tensile Fasteners apart from manufacturing products in Aluminum Die Casting, Wheel Manufacturing & Assembly & Auto Electricals segments.

 

In February 06, the group had launched the 8th plant, their 3rd factory for Aluminum die casting to cater to the growing demand of automotive global industry. Today the die casting division has 42 fully automatic die casting machines with locking force up to 1600 tons. PDC division consumes 850 tons of Aluminum per month and by end of next year, consumption will reach 1200 tons per month.

 

Both the new plants have created job opportunities for over 600 people.

The overall market size of the Indian auto components industry is estimated at $ 8.7 billion. Industry production in value terms increased at a compounded annual growth rate (CAGR) of 16.4% during FY1998-2005 & auto component exports from India increased at a CAGR of 22.9% during FY1998-2005. Today the Bagla Group is concentrating on its core competencies of engineering and upgradation of its tool room, which will be able to design and manufacture a new die every day. With this expansion strategy, the group expects to reach Rs.1000 Crores by the year 2010 with 25 % exports.

Trending

52
adamgrant's picture

The Two Traits of the Best Problem-Solving Teams

You want teams that are cognitively diverse and psychologically safe. A variety of thinking styles—coupled with the freedom to take risks without being punished—enables groups to generate, test, and implement creative ideas.Imagine you are a fly on
78
changethis's picture

Making ‘Agile’ Business as Usual

“There is more to Agility than putting lipstick on a pig. Organizations that attempt to migrate to Agile approaches need to take accountability for their 'inner pig.' Any sector can espouse Agile practices, such as SCRUMS, Sprints, and Stand-ups.
74
danielhpink's picture

Things: The secrets of high standards and happiness

1. WHAT TO READ: Can you teach high standards? Each year, Amazon founder Jeff Bezos — whose current personal net worth exceeds the GDP of nearly 150 nations — writes a letter to shareholders. Most corporate missives are snoozers, but Bezos’s is
121
mashable's picture

Google just slashed the price on its massive storage plans with Google One upgrade

Google's storage plans are getting cheaper. The company has launched a new storage plan called Google One, which offers significantly better deals than Google Drive storage plans. There's no need to switch, because all current Drive storage
391
changethis's picture

Start Imagining a Future of Human + Machine

“In the first wave of transformation, businesses standardized processes. Think Henry Ford and the assembly line, where steps in the overall process were broken down, measured, and optimized to achieve gains in efficiency. The second wave of
152
jackcanfield's picture

Try This Simple Night Meditation Called "The Evening Review"

Successful people maintain a positive focus in life no matter what is going on around them. They stay focused on their past successes rather than their past failures, and on the next action steps that will get them closer to the fulfillment of their
135
davecrenshaw's picture

How far would you go for a friend?

I recently witnessed an act of compassion and friendship so unexpected, it moved me to tears. And it happened in a very unlikely place: Pelican Bay super-maximum security prison. I support a program called Defy Ventures, an organization that works
137
johnsullivan's picture

Here We Go Again – LinkedIn Updates Its User Agreement

There are times in my life when I hate that I am right about something. Like the time I thought an employee was stealing from my store back in the day and two days later I caught them doing just...
259
changethis's picture

How Women Rise: Helping Women Change the Behaviors that Get in Their Way

“It’s not surprising that many of the behaviors that hold men and women back would be different. After all, women often have very different experiences at work. And experience shapes habits and responses.Familiar habits and responses may feel