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LGB

Sector: Residential • Location: India

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_Founded in 1937, L.G. Balakrishnan & Bros. Limited (“LGB” or the “Company”) is based in Coimbatore, Tamil Nadu, India. At present, the Company has leading positions in India in the automotive and industrial transmission chains and fine-blanked automotive and industrial products. In addition, LGB produces forged components for automotive and industrial applications.

Currently, the Company

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The project “LGB” is an infrastructure initiative in the Residential sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

Taiyo status

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Description

Description

_x000C_Founded in 1937, L.G. Balakrishnan & Bros. Limited (“LGB” or the “Company”) is based in Coimbatore, Tamil Nadu, India. At present, the Company has leading positions in India in the automotive and industrial transmission chains and fine-blanked automotive and industrial products. In addition, LGB produces forged components for automotive and industrial applications. Currently, the Company is implementing a US$44.5 million investment program (“the Project”) to increase the production capacity in all of its three product lines over the term of several years. The implementation of the Project will enable the Company to respond to growing volume and quality demands of its clients and, thus, to sustain and enhance its market position in India. In addition, the capacity increase will allow LGB to intensify its export promotion efforts.

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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