Virgo Engineers Group, the Rs 700-crore Pune-based valve manufacturing company, is expanding its manufacturing capacity by setting up a new plant near Chennai at MARG Swarnabhoomi. Virgo is a leading manufacturer of a wide range of Flow Control Valves and allied products predominantly for the Oil & Gas sector. The products include Ball Valves, Triple Offset Valves, Wellhead Equipments, Valves for Severe Service, Steam Products and Actuators.

The Chennai facility has 100,000 sq ft of factory area spread over six bays and houses a Machine shop for machining of valve components and a Valve Assembly and Test set up besides a separate Store and warehousing facility. It will initially employ about 50 people and is expected to bring in revenues of Rs. 200 million this year and Rs 500 million in the next full year of operations.

Speaking on the occasion, Mr Jagdish Desai, CEO, Virgo Engineers Group, said, "Virgo Chennai is very strategic to Virgo's growth plans. The large plant that we have at MARG Swarnabhoomi gives us an opportunity to ramp up our production capabilities and be in a position to cater to increased export demand from our existing as well as from new markets that we envisage in the next couple of years."

Welcoming Virgo Engineers Group to MARG Swarnabhoomi, Mr GRK Reddy, Chairman & Managing Director, MARG Group, said, "We are proud to have the Virgo Engineers Group's manufacturing facility at MARG Swarnabhoomi. MARG Swarnabhoomi follows the mantra of "Innovation and Efficiency". The coming of top manufacturing, research and innovation organisations like Virgo Engineers Group will further rejuvenate the eco system in this people and energy efficient city. At MARG Swarnaboomi, Virgo will find a conducive ecosystem that will enhance productivity and efficiency."

Virgo has over 750 employees worldwide and has a customer base of over 2300 customers across 72 countries. It has 13 Sales Offices in 7 countries and has manufacturing plants in India, Italy, Germany and USA. In India, Virgo already has established manufacturing facilities in Pune and Coimbatore. The Company is in the process of becoming a fully integrated Valve Company by setting up a state-of-the-art Foundry at Coimbatore which will be completed by the end of the fiscal year to manufacture & supply Valve castings to its manufacturing units.