NEW DELHI: Gaurs Group has signed a memorandum of understanding (MoU) with Elematic India, the Indian arm of Finland-based Elematic Group, to establish a precast manufacturing facility in Noida.
Under the agreement, Gaurs Group will invest approximately ₹100 crore in the first phase to set up a precast manufacturing plant in Noida.
The facility will manufacture advanced precast concrete components that would include slabs, columns, beams and walls. The plant is expected to commence operations within six months.
The group has also placed an advance order to Jindal Elematic, Alwar to supply 45,000 units of modular bathrooms and 10,000 units of kitchen pods for its under-development projects.
The company aims to shorten project delivery by almost six months to an year with this pre-cast technology.
It had previously invested nearly ₹200 crore in advanced shuttering systems imported from South Korea.
