Aava Energy Systems to set up unit in Patancheru
Hyderabad: As part of “Make in Telangana”, Messrs Aava Energy Systems have decided to set up their unit in Telangana State. Aava Industries Managing Director Vijay Saradhi met TSIIC Chairman G. Balamallu on Friday. Aava Industries is into production of defence components, aerospace, shipping, railway component manufacturing.
The Aava Energy Systems intends to set up their unit at Pasha Mailaram village under Patancheru Mandal of Sangareddy District. They requested the TSIIC chairman to provide some 20 acres land for the purpose. They said an amount of Rs 50 to 75 crores will be invested in the first phase with expansion up to Rs 300 crores. The unit will provide employment to about 1000 members in the planned unit, they said, adding that defence industries in and around Hyderabad such as ECIL, ODF, BHEL, DRDL and so on provide excellent platform for their industry to grow. -NSS