Era Group plans Rs 75cr PEB plant in Uttaranchal

Era Metal Building Systems, being promoted by the $100 million Era group of H S Bharana, is setting up a manufacturing plant for pre-engineered building (PEB) materials with an investment of Rs 75 crore at the Pantnagar Industrial Estate in Uttaranchal.

With the New Delhi-based Era group entering into the infrastructure sector recently, this is the first time that the company is also entering into manufacturing. The factory would employ nearly 500 people, CEO S V Rao said today.

The plant would be ready for manufacturing in August-September this year with the company hopeful of producing 40,000-50,000 metric tonne of materials per year. "We are installing state-of-the-art machines at the Pantnagar plant, which have been imported from Finland, Holland, Italy, Belgium and China," Rao said.

With the setting up of the new plant, the company is now hopeful of increasing turnover to Rs 300 crore in two years from the present level of Rs 25 crore.

Era Metal has already built the factory structures for Alps Industries
and Neel Metal at Haridwar.