is a Private Limited Company incorporated in
the year 1999.
The company is exclusively working in
the field of Air Preheater, a Heat Recovery
System used as an Auxiliary Plant in Thermal
Power Plants. The present major activities of
the company are Designing, Engineering,
Manufacturing and Supplying of almost all spares to Air Preheater.
It started its
business with State Electricity Boards,
National Thermal Power Plants and Captive
Power Plants owned by Petroleum,
Petrochemical Industries etc. situated all
over India. Later on, it has enhanced its
activities for the supply of products to
Overseas Customers also.
enhance the manufacturing infrastructure to
suit the requirement of Foreign Buyers (the one
acre land where the initial manufacturing
unit was stared being insufficient to cater
the needs of Foreign Buyers), GEECO proposed
during the year 2006 to set up a state-of-the-art
modernized manufacturing set-up of global standard, especially for the Export
Market. It approached various Financial
Institutions for ‘Term-Loan’, for the
construction of Factory Shed at a lesser
rate of interest than that charged by its existing
Bank. No banks was interested in
extending loan facility with lesser rate of
interest for the ‘Factory
proposal was discussed with one of the
Executive of TIIC during a casual meeting.
Later on to our wonder, the
Branch Manager of TIIC came down to our
office within a week of that casual meeting and had
a detailed discussion about our requirement.
In subsequent meetings, the Project Report
was made ready and TIIC gave a preliminary
approval for the loan amount of Rs. 300
Lakhs within a month from the date of first
meeting with simple procedures.
the Modernized Factory Shed work was
completed and our entire manufacturing
activities have been shifted there.
Subsequently the second phase of
Modernization process also was started with a
fresh loan of Rs.387 Lakhs sanctioned by TIIC
in addition to the two
machinery loans sanctioned by them for
Rs.103.50 Lakhs and Rs.4.70 Lakhs. All these
loans were sanctioned within very short
time frame and was very helpful to enhance the
Export Business multifold within a
wish TIIC to continue extending its services in
way for the industrial development of the
State especially to Export Oriented Industries
which earn Foreign Exchange Revenue.