Geodesic Techniques, a leading provider of steel-intensive structures in India, today said it has set up a manufacturing facility in Bidar, Karnataka, at an investment of Rs 200 crore.
The company projected a revenue of Rs 1,000 crore over the next three years.
Majority of the investment is focused on the Bidar facility, which is already operational and would be formally inaugurated by the end of this calendar year, the company's founder and CEO, Srinidhi Anantharaman, told reporters here today.
"The new facility is designed to serve Geodesic's high volume large infrastructure projects like airport terminals, high rise steel buildings, signature structures, bridges and urban transportation initiatives," Anantharaman said.
Strengthening its manufacturing capabilities, the facility would position the company as a leading integrated design and build player and was expected to provide employment opportunities for nearly 5,000 people, he said.
The facility has a peak capacity of 65,000 metric tonnes per annum.
