Nucleus Satellite Communications (Madras) Private Limited, a manufacturer of Direct-to-Home (DTH) dish antenna, on Friday laid foundation stone for its production unit in Sri City.
V. Raman, Managing Director and CEO of the Chennai-based company, performed the groundbreaking ceremony where Nucleus proposes to invest Rs 25 crore for setting up the plant on an 8-acre plot. The plant, which is expected to be ready by this August, will produce three kinds of dish antennae spanning 45 cm, 60 cm and 100 cm diameter. The unit will employ about 200 people.
Raman in a statement said, “The unique selling point of Sri City is its world class Infrastructure 'under one Roof'. Besides, our investment in Sri City was influenced by the vibrant industrial policy of Andhra Pradesh.”
Ravindra Sannaareddy, Managing Director of Sri City, said, “This is the third groundbreaking event in a row during the past two weeks, and we welcome Nucleus to the electronic manufacturing cluster being developed in Sri City, in line with the 'Digital India' initiative.”
Established in 1997, Nucleus is the largest manufacturer of Ku band dish antennae in India catering to the DTH market. It sold over 12 million units since inception. They make point-to-point communication antennae, which are exported to the Middle East.
The company is the only local dish antennae manufacturer approved by all 6 Indian DTH operators. It has an installed capacity of 3-3.25 million units per annum, more than 2x the size of nearest competitor.