| The company currently has overseas marketing offices in eight countries and it is one of the leaders in mining equipments in eastern region. Tega currently has a turnover of Rs 200 crore and hopes to touch Rs 300 crore soon. |
| Madan Mohanka, chairman and managing director Tega India said that the group was planning to have two manufacturing facilities in Africa and Latin America for catering to the mineral-rich lucrative African and Latin American markets. |
| According to Tega CMD, it had almost finalised the acquisition in South Africa. "The company is called Boruc. It has a manufacturing facility there. It will be an outright acquisition. We shall use this manufacturing facility for catering to the African market," he said. |
| However, he refused to comment on the size of the acquisition. "We do not want to disclose it now," he added. |
| But he added that the new company would be called Tega Boruc and the South African outfit has a turnover of close to Rs 60-70 crore. |
| Mohanka pointed out that it makes sense for Tega to supply the African market from South Africa than from India because of the high logistics cost of mining equipments. |
| Similarly, the group has initiated discussions with 2-3 outfits in Brazil for a joint venture or outright acquisition. "We hope that the Brazilian venture will be finalised over the next couple of months," he added. |
| The associate vice president of Tega, S K Dey added that it might divide the overseas market into three verticals. "We shall cater Asia and Asia Pacific markets from India, Latin America from Brazil and Africa and a portion of Europe from South Africa," he added. |
| Incidentally, the company has offices in Australia, Brazil, Sweden, United States, Canada, South Africa, Ghana and Zambia. |
| Commenting on domestic operations, Dey said that Tega currently had two domestic manufacturing facilities on the outskirts of Kolkata in Kalyani and Thakurpukur. |
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