ELGI Sauer Compressors Ltd, a joint venture between Elgi Equipments Ltd and Germany-based Sauer Compressors Group, has set up a manufacturing facility at an investment of about Rs 400 million. Spread across 50,000 sq ft at Kallapalayam near here, the facility would manufacture state-of-the-art high-pressure compressors, pressure-reducing stations and portable breathing air compressors for industrial, shipping, naval and off-shore markets, officials said.
The makers of green hydrogen, solar cells, lithium ion cells, aerospace component, pumps for ships, electric vehicles (EV), drones, textiles and others were part of 60 companies that signed investment Memoranda of Understanding (MoU) with the .