Pune based valve manufacturing company Virgo Engineers Group is in the process of expanding its manufacturing capacity by setting up a new plant at Marg Swarnabhoomi, Chennai. The Rs 700 crore company is a leading manufacturer of flow control valves and allied products predominantly for the oil and gas sector. Jagdish Desai, CEO, said Virgo has invested close to Rs 40 crore in the facility and will invest another Rs 20-25 crore to install machinery. The company is planning invest a similar amount in setting up a foundry at its Coimbatore facility as a backward integration initiative. "This will give us a better control over the price and quality of the products besides ensuring guaranteed supply of valve castings," he said. Virgo currently has 13 sales offices in seven countries and manufacturing facilities in India, Italy, Germany and the US, and it has a base of over 2,300 customers across 72 countries.