Sri City, March 1, 2017:- Rudra Magnets LLP, a part of the Sarda Magnets Group, inaugurated its unit in Sri City on Wednesday. Mr. Rajkumar Sarda, Managing Director of the company declared the production plant inaugurated.
Speaking on the occasion, Mr. Rajkumar Sarda said,”We were the first company that manufactured Industrial Magnets in India. We have three factories in West Bengal and one in Hyderabad, and this is our 5th venture. Its strategic location and good connectivity with ports and Rail/Road network made us to prefer Sri City.”
“We are proud to be in Sri City and have received full cooperation from Sri City Group and all the other units who are like a family, ” he added.
Commenting on the occasion, Mr. Ravindranath Sannareddy, Founder Managing Director, Sri City said, “We are very happy to have Sarda Magnets Group, one of the reputed brands in developing innovative magnetic products used for various industrial applications. I am confident, with its ‘made in Sri City’ products, the company would capture a larger market share.”
The plant which was set up with an investment of Rs 10 crores in the Domestic Tariff Zone in Sri City will produce magnetic chucks, lifters and separators. It gives employment opportunity for about 50 persons.
Sarda Group established in 1961 in Kolkata is known all over the world for quality and innovative magnetic products. It caters to the domestic requirements and as well as exports to USA and Europe. With advancement of products and technology the Group has pioneered in making 100% fail-safe Industrial Magnets. The products are popular all over the world for its top class quality and simple construction and low operating cost. They are used in Machine Tools Industries for clamping components during Machining and widely used in Fabrication and Shipbuilding and Steel Mill industries all over the world for handling plates, pipes, Billets, scraps etc.