Home-grown auto components maker, Minda Corporation is planning to set-up a third die casting plant in Pune. The other two plants are in Greater Noida and Chakan, Pune. For the new plant, the company will invest a sum of Rs 75 crore to install a production capacity of 4600 metric tonne per annum, the company said in an investor presentation. Apart from the new die casting plant, the company will also invest a sum of Rs 25 crore in research & development. As per the company, it has already acquired a 36,500 sqm land for the new plant and civil work has been initiated. The company is expecting to get it operational by next financial year. The planned facility will be exclusively for aluminium gravity and low pressure die casting. It will also house a separate machine shop that will focus on precision parts like compressor housings. The company expects annual sales of Rs. 2,000 million by 2019-20 from the new die-casting plant.