Wheels India is going to invest Rs 45 crore over a period of next 3 years for manufacture of 50,000 MT of steel structural parts per annum, from its proposed facility at Deoli to manufacture steel structural parts for power plant projects.
The company has taken about 30 acres of land on long-term lease from Maharashtra Industrial Development Corporation (MIDC) in Deoli in Wardha District of Maharashtra for setting up the proposed facility.
The facility is likely to commence commercial production in the second quarter of 2009-10.